A business has cost of sales of £38 000 and sales of £55 000, It had £3 000 in inventory at the start of the year and purchased £43 000 of goods during the year. All transactions were for cash.
-what was the profit for the year ?

Name: A business has cost of sales of £38 000 and sales of £55 000, It had £3 000 in inventory at the start of the year and purchased £43 000 of goods during the year. All transactions were for cash. -what was the profit for the year ?
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Question

A business has cost of sales of £38 000 and sales of £55 000, It had £3 000 in inventory at the start of the year and purchased £43 000 of goods during the year.  All transactions were for cash.  
-what was the profit for the year ?

Quizplus · Accepted Answer

The Answer is A

A Business Has Cost of Sales of £38 000 and Sales