# Accounting Paper 1, November 2024, question 1.2(a)

> Calculate the sales and the gross profit that Protea Ridge Ltd must show in... Marked mark by mark. Q1.2(a), Accounting Paper 1 November 2024, 8 marks.

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Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q1.2(a). Marks: 8. Not yet checked by a teacher.

## Question 1.2(a) (8 marks)

Protea Ridge Ltd sells hardware at a mark-up on cost. Financial year ended 29 February 2024.
Cost of sales for the year (per the books): R6 400 000
The normal mark-up is 50% on cost.
Goods that cost R160 000 (included in the cost of sales above) were sold to staff at a mark-up of 25% on cost.
All other goods were sold at the normal mark-up.

Calculate the sales and the gross profit that Protea Ridge Ltd must show in its Statement of Comprehensive Income.

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[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q1-2-a/) and see it marked mark by mark, with the reason for every lost mark.

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