Multiple Choice
Cy is in business as a sole trader, selling a range of corkscrews and bottle openers.In the month of March 20X4 revenue is £4250.Cy's closing inventory of £2250 is £380 higher than his opening inventory.Purchases during the month were £2950.What is Cy's gross profit for March 20X4?
A) £920
B) £1300
C) £1680
D) £1620
Correct Answer:
Verified
Correct Answer:
Verified
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