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GCE Accounting 2022 Objective — Question 15

Question 15 of 50 from the General Certificate of Education (GCE) Accounting 2022 Objective paper, with the correct answer and a full explanation.

Using the information in Q14, the margin would be

A. 2/3
B. 3/5
C. 2/5Correct
D. 1/5

Explanation

Margin = Profit/Selling price = 8,000/20,000 = 2/5.

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