Brinscall Limited and Petworth Limited are both engaged in travel agency activities.While 100% of the revenue of Petworth arises from this activity, Brinscall Limited is also engaged in running its own watersports holidays.20% of Brinscall's revenue arises from the latter activity, which yields a gross profit margin of 36.2%. The most recent trading account figures for the two companies are as follows:
Which one of the following statements is correct?

Question

Brinscall Limited and Petworth Limited are both engaged in travel agency activities.While 100% of the revenue of Petworth arises from this activity, Brinscall Limited is also engaged in running its own watersports holidays.20% of Brinscall's revenue arises from the latter activity, which yields a gross profit margin of 36.2%. The most recent trading account figures for the two companies are as follows:
 Which one of the following statements is correct?

Quizplus · Accepted Answer

The Answer of Brinscall Limited and Petworth Limited are both engaged in travel agency activities.While 100% of the revenue of Petworth arises from this activity, Brinscall Limited is also engaged in running its own watersports holidays.20% of Brinscall's revenue arises from the latter activity, which yields a gross profit margin of 36.2%. The most recent trading account figures for the two companies are as follows:
 Which one of the following statements is correct?

Brinscall Limited and Petworth Limited Are Both Engaged in Travel