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Trev's Revenue for 20X6 Was £346 410, and for 20X7

Question 3

Multiple Choice

Trev's revenue for 20X6 was £346 410, and for 20X7 was £366 270.His gross profit margin in 20X6 was 26.2%, improving to 26.3% in 20X7.In 20X8 he expects revenue to increase by the same percentage as between 20X6 and 20X7.Gross profit margin is likely to remain static at 26.3%. What is Trev's expected gross profit in 20X8 (to the nearest £) ?


A) £101 852
B) £96 329
C) £101 552
D) £106 775

Correct Answer:

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