Solved

If Gross Profit Is £50,000 and the Net Profit Is

Question 3

Multiple Choice

If gross profit is £50,000 and the net profit is 25% of gross profit, the expenses must be:

A) £12,500
B) £37,500
C) £41,500
D) £62,500

Related Questions

Q1: A business commenced with a bank balance

Q2: You are told that the mark up

Q4: Opening inventory is £29,000, closing inventory is

Q5: Anna had an opening cash balance of

Q6: Calculate the value of purchases from the

Q7: An entity sells goods earning a constant

Q8: The net assets of Stuart Ltd. at

Q9: B. Little owed his suppliers £95,000 at

Q10: The net book value of a company's

Q11: A business has the following cash and