Del Is a Sole Trader Selling Toys from a Chain

Multiple Choice

Del is a sole trader selling toys from a chain of 18 retail shops.Shortly after Christmas, he is comparing his business's performance in December with that of the leading toy retailers.Recently published statistics show that the leading retailers made 26.2% gross profit and 9.8% net profit in the month. Del'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.
On the basis of his actual cost of sales in December, what would Del's revenue have been, to the nearest £, if he had achieved the same gross profit margin as that of the leading toy retailers?

A) £27 338 888
B) £15 336 260
C) £23 314 769
D) £24 137 023