During the Financial Year Ended 31 March 2020, Marie Limited

Multiple Choice

During the financial year ended 31 March 2020, Marie Limited generated sales of £148,000. The company allowed its customers discounts of £5,000 (£2,000 of which were not taken up by customers who paid the full price for the goods supplied) while the cost of sales was £74,000. Selling and distribution costs totalled up to £15,000 and administration expenses incurred came to £21,000. Interest of £6,000 was paid to the bank. What is Marie Limited's operating profit % for the year ended 31 March 2020?

A) 21.62%
B) 22.67%
C) 25.68%
D) 26.67%