Diane is in business selling coffee mugs.Each mug sells for £4.50 and in the month of January 20X1 she sells 600 mugs.The cost to her of one mug is £2.75, and she had 320 in inventory on 1 January 20X1.On 31 January 20X1 her inventory level is 342. What is Diane's gross profit for the month of January 20X1?
A) £1011.50
B) £1650.00
C) £1088.50
D) £1050.00
Correct Answer:
Verified
Q15: Diane is in business selling coffee mugs.Each
Q16: Roger's business has the following revenue and
Q17: Emilia's revenue for the financial year 20X3
Q18: Tallulah's business had total revenue of £393
Q19: Cy is in business as a sole
Q21: Which one of the following statements is
Q22: Tiggy makes revenue of £140 520 in
Q23: Farah's business yielded a net profit margin
Q24: Selim is a solicitor whose practice generated
Q25: Bev's revenue for 20X1 was £180 882.Cost
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents