For the Financial Year Ended 31 January 2020, Zainab Limited

Multiple Choice

For the financial year ended 31 January 2020, Zainab Limited reported sales of £650,000 and a gross profit of £260,000. Selling and distribution costs totalled up to £54,000 and administration expenses incurred came to £76,000. Finance expense was £7,500 and finance income received was £2,500. The company incurred an irrecoverable debt of £10,000 and the tax charge on the profit for the year was £23,000. What is Zainab Limited's operating profit % for the year ended 31 January 2020?

A) 14.15%
B) 17.69%
C) 18.46%
D) 20.00%