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?

A6,218

B38,038

C6,948

D25,602

Show Suggested Answer

Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA2-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lai

1 months ago

I bet the correct answer is something like 'All of the above' or 'None of the above'. Classic exam move, right?

upvoted 0 times

...

Gretchen

1 months ago

Whoa, hold up! What is this, a trick question? I'm going to double-check my work before submitting.

upvoted 0 times

...

Pete

1 months ago

Okay, this looks straightforward. I'm going with option B, 38,038. Feels like the right answer to me.

upvoted 0 times

...

Merissa

2 months ago

Alright, time to put on my math hat. Profit = Sales * Profit/Volume Ratio - Fixed Costs. Piece of cake!

upvoted 0 times

Karol

16 days ago

So, the profit for the month was 6,948. Easy math!

upvoted 0 times

...

Carol

28 days ago

Profit = 127,280 * 0.25 - 24,872 = 6,948

upvoted 0 times

...

Walker

2 months ago

But the profit/volume ratio is 25%, so it should be 6,218.

upvoted 0 times

...

2 months ago

I think the profit was 6,218.

upvoted 0 times

...