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Using the following figures: Revenue 14,750 Inventory at 1 January 2020 1,200 Purchases 6,320 Rent paid 210 Inventory at 31 December 2020 1,300 The gross

Using the following figures:

Revenue

14,750

Inventory at 1 January 2020

1,200

Purchases

6,320

Rent paid

210

Inventory at 31 December 2020

1,300

The gross profit for the year ended 31 December 2020 was:

  1. 8,650
  2. 8,380
  3. 8,740
  4. 8,530

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