Lulu's sales in 20X3 are 115 399. The following year, 20X4, sales increase by 4.3%. |n 20X5

Question:

Lulu's sales in 20X3 are £115 399. The following year, 20X4, sales increase by 4.3%. |n 20X5 sales are 7.8% higher than they were in 20X3. Gross profit margin in each of the three years is:

20X3: 19.3%

20X4: 21.4%

20X5: 18.7%

Calculate cost of sales for each of the three years, 20X3, 20X4 and 20X5

(working to the nearest £).

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