Multiple Choice
A business made a gross profit of £12000 on sales of £60000, It had £2000 in inventory at the start of the year and purchased £57000 of goods during the year. What was the cost of sales ?
A) £57000
B) £55000
C) £59000
D) £48000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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