A company sells 400 units at £20 each. It had 100 units of opening inventory at a value of £10 each; it purchased an additional 550 units at £10 each. During the year a total of 100 units were stolen and it returned 50 units.
What is the gross profit?
A) £3,500
B) £3,000
C) £2,500
D) £2,000
Correct Answer:
Verified
Q10: The following information should be used to
Q11: The following information should be used to
Q12: The cost of purchasing goods will appear
Q13: Administration expenses will be included in:
A) The
Q14: Carriage inwards will be disclosed in:
A) The
Q15: Carriage outwards will be disclosed in:
A) The
Q16: If an entity starts up business purchases
Q17: If an entity has £2,500 in opening
Q18: If an entity has £2,500 in opening
Q19: A company sells 400 units at £20
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