Jackie sells garden furniture in sets comprising a dining table and four chairs. She purchases each set
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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 20X1 Jackie has 30 sets in stock. At 30 June 20X1 the stock room contains 42 sets. She sells 35 sets during the month.
1. How many sets of dining table and chairs has Jackie purchased during the month?
a) 107
b) 47
c) 23
d) 37 What ts Jackie's cost of sales figure for the month?
a) £4425
b) £4620 Or£2625
d) £1875.
3. What is Jackie's gross profit for June?
a) £2745
b) £1425
c) £6783
d) £1995.
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Related Book For
Financial Accounting For Non Specialists
ISBN: 9781844802050
2nd Edition
Authors: Catherine Gowthorpe
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