At 1 October 2018, Jennifer, a market trader, had inventory which had cost her £15,000 to buy. During the financial year ended 30 September 2019, Jennifer made further purchases of goods for resale on her market stall at a gross cost of £125,000. Her suppliers gave her discounts of £1,200 on her purchases during the year. During the financial year ended 30 September 2019, Jennifer made sales of £250,000 while incurring van running costs of £20,000 and paying the local council £8,000 in rent for her market stall. At 30 September 2019, Jennifer had inventory on hand which had cost her £16,800 to buy. What is Jennifer's gross profit % for the financial year ended 30 September 2019?

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The Answer of At 1 October 2018, Jennifer, a market trader, had inventory which had cost her £15,000 to buy. During the financial year ended 30 September 2019, Jennifer made further purchases of goods for resale on her market stall at a gross cost of £125,000. Her suppliers gave her discounts of £1,200 on her purchases during the year. During the financial year ended 30 September 2019, Jennifer made sales of £250,000 while incurring van running costs of £20,000 and paying the local council £8,000 in rent for her market stall. At 30 September 2019, Jennifer had inventory on hand which had cost her £16,800 to buy. What is Jennifer's gross profit % for the financial year ended 30 September 2019?

At 1 October 2018, Jennifer, a Market Trader, Had Inventory