8.7 Rashedas sales for 20X7 were 206,400, and for 20X8 were 214,656. Her gross profit margins were:...
Question:
8.7 Rasheda’s sales for 20X7 were £206,400, and for 20X8 were £214,656.
Her gross profit margins were: 36.3% for 20X7 and 36.4% for 20X8.
Rasheda expects sales in 20X9 to increase by the same percentage as between 20X7 and 20X9. Gross profit margin should improve to 36.5%.
What is Rasheda’s expected gross profit in 20X9 (to the nearest pound)?
a) £78,349
b) £78,135
c) £81,483
d) £81,363
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: