Solved

Margaret's Business Has the Following Revenue and Purchases Figures in 20X8

Question 4

Multiple Choice

Margaret's business has the following revenue and purchases figures in 20X8 and 20X9: Margaret's business has the following revenue and purchases figures in 20X8 and 20X9: Her closing inventory at 30 November 20X9 was £13 650 and gross profit margin in both years is 34%. What was Margaret's opening inventory at 1 December 20X7 (to the nearest £) ? A) £11 569 B) £15 731 C) £12 260 D) £15 040 Her closing inventory at 30 November 20X9 was £13 650 and gross profit margin in both years is 34%.
What was Margaret's opening inventory at 1 December 20X7 (to the nearest £) ?


A) £11 569
B) £15 731
C) £12 260
D) £15 040

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Mahmood's revenue for 20X5 was £313 450,

Q2: Shobna sells sewing machines at a retail

Q3: Roger's business has the following revenue and

Q5: Which of the following best describes a

Q6: David's revenue for 20X4 was £118 800

Q7: Tiggy makes revenue of £140 520 in

Q8: During the year ended 28 February 20X4,

Q9: Bathsheba's net profit margin in 20X4 was

Q10: Cliff buys mirrors from a wholesaler and

Q11: Cy is in business as a sole