Marwan Limited has total sales for the year ended 31 October 2019 of £1,050,000 before taking into account sales returns of £50,000. Inventory at 1 November 2018 was £45,000 while inventory at 31 October 2019 was £60,000. Purchases of goods during the year amounted to £635,000. What is Marwan Limited's gross profit % for the year ended 31 October 2019?

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The Answer of Marwan Limited has total sales for the year ended 31 October 2019 of £1,050,000 before taking into account sales returns of £50,000. Inventory at 1 November 2018 was £45,000 while inventory at 31 October 2019 was £60,000. Purchases of goods during the year amounted to £635,000. What is Marwan Limited's gross profit % for the year ended 31 October 2019?

Marwan Limited Has Total Sales for the Year Ended 31