Omar imports onyx picture frames from India. He prepares accounts to 30 April each year. In the year ending 30 April 20X7 he records the following totals for trading transactions:

re Sales 347 348 Purchases 240 153 Import duties 6 043 Sales returns 2 971 Purchases returns 1 800 Omar's opening stock at 1 May 20X6 was £43 730 and his closing stock at 30 April 20X7 was £41 180. What is Omar’s gross profit for the year?

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