Graeme Is a Sole Trader Selling Electrical Equipment from a Chain

Multiple Choice

Graeme is a sole trader selling electrical equipment from a chain of 10 retail shops.Shortly after Christmas, he compares his business's performance in December with that of the leading high street retailers.Recently published statistics show that the leading retailers made 26.2% gross profit and 9.8% net profit in the month. Graeme's opening inventory was £4 200 200 and closing inventory was £1 230 400.He purchased inventory valued at £17 206 300 during December and his revenue was £26 500 000.Expenses for the month were £4 018 400.
Which of the following statements is correct?

A) Graeme's gross profit margin and net profit margin are both higher than those of the leading retailers.
B) Graeme's gross profit margin and net profit margin are both lower than those of the leading retailers.
C) Graeme's gross profit margin is higher, but his net profit margin is lower than those of the leading retailers.
D) Graeme's gross profit margin is lower, but his net profit margin is higher than those of the leading retailers.