Ismail's sales for the financial year totalled up to £500,000. Opening inventory at the start of the financial year was valued at £60,000 while closing inventory had a value of £75,000. Purchase returns during the financial year amounted to a total of £5,000 and gross profit for the financial year was £220,000. What were Ismail's purchases during the financial year?

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The Answer of Ismail's sales for the financial year totalled up to £500,000. Opening inventory at the start of the financial year was valued at £60,000 while closing inventory had a value of £75,000. Purchase returns during the financial year amounted to a total of £5,000 and gross profit for the financial year was £220,000. What were Ismail's purchases during the financial year?

Ismail's Sales for the Financial Year Totalled Up to £500,000