Rashedas sales for 20X2 were 206 400, and for 20X3 were 214 656. Her gross profit margins

Question:

Rasheda’s sales for 20X2 were £206 400, and for 20X3 were £214 656. Her gross profit margins were 20X2 = 36.3% and 20X3 = 36.4%. Rasheda expects sales in 20X4 to increase by the same percentage as between 20X2 and 20X3.

Gross profit margin should improve to 36.5%.

What is Rasheda’s expected gross profit in 20X4 (to the nearest £)?

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