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Sharon Is a Sole Trader Selling Dressing Gowns

Question 6

Multiple Choice

Sharon is a sole trader selling dressing gowns.Each garment retails for £16.50 and costs Sharon £9.20.In December 20X4 Sharon takes advantage of the Christmas market and sells 521 dressing gowns.At the beginning of the month she had a inventory of 86 items and she purchased a further 480 during the month. What is Sharon's gross profit for the month of December 20X1?


A) £3504.00
B) £4431.10
C) £4793.20
D) £3803.30

Correct Answer:

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