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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:
- 8,650
- 8,380
- 8,740
- 8,530
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