Interactive workbook: Multiple-choice-questions 8.3 - Introduction to Accounting 2e Student Resources

. Travel Plc: Statement of Profit or Loss for the Year Ended 31 October 2021

	£000
Revenue	112,500
Cost of Sales	–75,600
Gross Profit	36,900
Distribution and Selling Costs	–6,835
Administration Expenses	–8,795
Operating Profit	21,270
Finance Income	500
Finance Expense	–3,195
Profit Before Tax	18,575
Income Tax	–4,645
Profit for the Year	13,930

Based on the statement of profit or loss for Travel Plc, what is the operating profit % for the year ended 31 October 2021?

12.38%

16.51%

18.91%

32.80%

. Travel Plc: Statement of Profit or Loss for the Year Ended 31 October 2021

	£000
Revenue	112,500
Cost of Sales	–75,600
Gross Profit	36,900
Distribution and Selling Costs	–6,835
Administration Expenses	–8,795
Operating Profit	21,270
Finance Income	500
Finance Expense	–3,195
Profit Before Tax	18,575
Income Tax	–4,645
Profit for the Year	13,930

Based on the statement of profit or loss for Travel Plc, what is the profit before tax % for the year ended 31 October 2021?

12.38%

16.51%

18.91%

32.80%

. Travel Plc: Statement of Profit or Loss for the Year Ended 31 October 2021

	£000
Revenue	112,500
Cost of Sales	–75,600
Gross Profit	36,900
Distribution and Selling Costs	–6,835
Administration Expenses	–8,795
Operating Profit	21,270
Finance Income	500
Finance Expense	–3,195
Profit Before Tax	18,575
Income Tax	–4,645
Profit for the Year	13,930

Based on the statement of profit or loss for Travel Plc, what is the profit after tax % for the year ended 31 October 2021?

12.38%

16.51%

18.91%

32.80%

. MC plc has the following figures in its statement of profit or loss for the year ended 31 January 2022:
Finance income: £400,000
Revenue: £89,720,000
Administration expenses: £9,159,000
Cost of sales: £58,318,000
Finance expense: £1,750,000
Distribution and selling expenses: £12,324,000
Income tax: £2,142,000
Based on the above figures, what is the operating profit % for MC plc for the year ended 31 January 2022?

11.06%

9.55%

9.10%

7.16%

. MC plc has the following figures in its statement of profit or loss for the year ended 31 January 2022:
Finance income: £400,000
Revenue: £89,720,000
Administration expenses: £9,159,000
Cost of sales: £58,318,000
Finance expense: £1,750,000
Distribution and selling expenses: £12,324,000
Income tax: £2,142,000
Based on the above figures, what is the profit before tax % for MC plc for the year ended 31 January 2022?

11.06%

9.55%

9.10%

7.16%

. MC plc has the following figures in its statement of profit or loss for the year ended 31 January 2022:
Finance income: £400,000
Revenue: £89,720,000
Administration expenses: £9,159,000
Cost of sales: £58,318,000
Finance expense: £1,750,000
Distribution and selling expenses: £12,324,000
Income tax: £2,142,000
Based on the above figures, what is the profit after tax % for MC plc for the year ended 31 January 2022?

11.06%

9.55%

9.10%

7.16%

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