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Accounting Paper 1, November 2024, question 3.1

Accounting P1 · Analysis and interpretation
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Kopano Ltd, year ended 31 March 2024 Profitability (percentages for 2023 and 2024): Gross profit as % of sales: 2023: 40%; 2024: 40% Operating expenses as % of sales: 2023: 22%; 2024: 16% Operating profit as % of sales: 2023: 18%; 2024: 24% Net profit before tax as % of sales: 2023: 15%; 2024: 23% Mark-up % on cost of sales: 2023: 66,7%; 2024: 66,7%
3.14 marks
Give TWO indicators from the profitability information that show Kopano Ltd is keeping its costs under control. Support each with the actual percentages and say in which direction each one moved.

NSCBased on Nov 2024 · Paper 1 · Q3.1

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What examiners found

Indicators were quoted without the trend and the figures, and the mark-up percentage was read as expense control when it shows pricing policy.

In our words. Source: Department of Basic Education, NSC 2024 Diagnostic Report, Part 1 (Book 1), Q3.1.

Updated