3.5 Leon runs a retail grocery business, dealing in luxury and delicatessen goods. In 20X7 revenue was
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3.5 Leon runs a retail grocery business, dealing in luxury and delicatessen goods. In 20X7 revenue was
£295,993, with cost of sales at £242,085. The equivalent figures for 20X6 were revenue of £287,300 and cost of sales of £235,920.
Calculate:
i) Leon’s gross profit margin in both years.
ii) The increase in revenue.
iii) The percentage increase in revenue.
iv) The increase in gross profit.
v) The percentage increase in gross profit.
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