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A Business Achieves a Margin of 25% on Sales Revenue

Question 15

Multiple Choice

A business achieves a margin of 25% on sales revenue. Opening inventory was £36,000, closing inventory was £56,000 and purchases totalled £600,000. The sales in the period are therefore:


A) £725,000
B) £773,200
C) £800,000
D) £876,460

Correct Answer:

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