4.2 Omar imports onyx picture frames from India. He prepares accounts to 30 April each year. In the year ended 30 April 20X4 he records the following totals for trading transactions:

£

Revenue 347,348 Purchases 240,153 Import duties 6,043 Sales returns 2,971 Purchases returns 1,800 Omar’s opening inventory at 1 May 20X3 was £43,730 and his closing inventory at 30 April 20X4 was £41,180.
What is Omar’s gross profit for the year?

a) £97,431

b) £99,773

c) £109,517

d) £91,388