Question

Refer to attached photo.

Extracts from the financial statements of Aberlady plcs latest annual report are given below: 2014 2013 000.3 90.30 1,500 1,

What was the percentage increase in revenue between 2014 and 2013?
a) 15.38%
b) 13.33%
c) 14.28%
d) 12.5%

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Answer #1

Revenue in 2013 = 1,300,000

Revenue in 2014 = 1,500,000

Increase in revenue = Revenue in 2014 - Revenue in 2013

= 1,500,000 - 1,300,000

= 200,000

Percentage increase in revenue = Increase in revenue/Revenue in 2013

= 200,000/1,300,000

= 15.38%

Percentage increase in revenue between 2014 and 2013 = 15.38%

Correct option is (a)

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