3.14 Lulus revenue in 2010 was 115 399. The following year, 2011, revenue increased by 4.3%. In...
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3.14 Lulu’s revenue in 2010 was £115 399. The following year, 2011, revenue increased by 4.3%. In 2012 revenue was 7.8% higher than it was in 2011. Gross profit margin in each of the 3 years was:
2010: 19.3%
2011: 21.4%
2012: 18.7%.
Calculate cost of sales for each of the 3 years, 2010, 2011 and 2012.
Work to the nearest £.
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