Wellie Bell is a magician. She has conjured up the following results from her non-existent accounting records.

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Wellie Bell is a magician. She has conjured up the following results from her non-existent accounting records. Fees are equal to five times her direct costs.

At any given time her inventory equals one week's direct costs. She defines a month as four weeks. Her inventory at both 31 May and 30 June was valued at £1,000.

Required:
Calculate her fees and profit for the month of June.

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