3.1 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 2012 Jackie had 30 sets in her inventory. At 30 June 2012 she had 42 sets.

She sold 35 sets during the month.

i. How many sets of dining table and chairs has Jackie purchased during the month?

a) 107

b) 47

c) 23

d) 37.

ii. What was Jackie’s cost of sales figure for the month?

a) £4 425

b) £4 620

c) £2 625

d) £1 875.

iii. What was Jackie’s gross profit for June?

a) £2 745

b) £1 425

c) £6 783

d) £1 995.