Jackie sells garden furniture in sets comprising a dining table and four chairs. She purchases each set
Question:
Jackie sells garden furniture in sets comprising a dining table and four chairs. She purchases each set for £75 from the manufacturer and retails a set for £132. At the beginning of June 20X1 Jackie has 30 sets in stock. At 30 June 20X1 the stock room contains 42 sets. She sells 35 sets during the month.
1. How many sets of dining table and chairs has Jackie purchased during the month?
a) 107
b) 47
c) 23
d) 37.
2. What is Jackie's cost of sales figure for the month?
a) £4425
b) £4620
c) £2625
d) £1875.
3. What is Jackie's gross profit for June?
a) £2745
b) £1425
c) £6783
d) £1995.Jackie sells garden furniture in sets comprising a dining table and four chairs. She purchases each set for £75 from the manufacturer and retails a set for £132. At the beginning of June 20X1 Jackie has 30 sets in stock. At 30 June 20X1 the stock room contains 42 sets. She sells 35 sets during the month.
1. How many sets of dining table and chairs has Jackie purchased during the month?
a) 107
b) 47
c) 23
d) 37.
2. What is Jackie's cost of sales figure for the month?
a) £4425
b) £4620
c) £2625
d) £1875.
3. What is Jackie's gross profit for June?
a) £2745
b) £1425
c) £6783
d) £1995.Jackie sells garden furniture in sets comprising a dining table and four chairs. She purchases each set for £75 from the manufacturer and retails a set for £132. At the beginning of June 20X1 Jackie has 30 sets in stock. At 30 June 20X1 the stock room contains 42 sets. She sells 35 sets during the month.
1. How many sets of dining table and chairs has Jackie purchased during the month?
a) 107
b) 47
c) 23
d) 37.
2. What is Jackie's cost of sales figure for the month?
a) £4425
b) £4620
c) £2625
d) £1875.
3. What is Jackie's gross profit for June?
a) £2745
b) £1425
c) £6783
d) £1995.
Step by Step Answer:
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe