Paul is keen to expand his business.He has set himself a target of increasing revenue by 12% between 20X3 and 20X4 and of increasing gross profit by 13.5%. His actual results for 20X3 and 20X4 are as follows:
Which one of the following statements is correct?
A) Revenue is better than expected, but gross profit is worse than expected.
B) Both revenue and gross profit are worse than expected.
C) Both revenue and gross profit are better than expected.
D) Revenue is worse than expected, but gross profit is better than expected.
Correct Answer:
Verified
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