Leon runs a retail grocery business dealing in luxury and delicatessen goods. In 20X6 sales are 295
Question:
Leon runs a retail grocery business dealing in luxury and delicatessen goods. In 20X6 sales are £295 993, with cost of sales at £242 085. The equivalent figures for 20X5 are sales of £287 300 and cost of sales of £235 920. Calculate;
1. Leon's gross profit margin in both years.
2. The increase in sales.
3. The percentage increase in sales.
4. The increase in gross profit.
5. The percentage increase in gross profit.
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Related Book For 
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
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