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CIMA Exam CIMAPRA17-BA2-1 Topic 1 Question 78 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 78
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

A company achieves a profit/volume ratio of 25%. Sales for the month of July were 127,280 and fixed costs were 24,872.

What was the profit for the month?

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Suggested Answer: C

by Emiko at Aug 29, 2024, 12:42 AM

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Merissa
2 days ago
Alright, time to put on my math hat. Profit = Sales * Profit/Volume Ratio - Fixed Costs. Piece of cake!
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Walker
5 days ago
But the profit/volume ratio is 25%, so it should be 6,218.
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Denny
9 days ago
Hmm, let's see, 25% profit/volume ratio, sales of 127,280, and fixed costs of 24,872. Gotta use that formula, right?
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Tamera
13 days ago
I believe the profit was 25,602.
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Walker
16 days ago
I think the profit was 6,218.
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