Multiple Choice
Bloom has sales of £12,000.The gross profit percentage is 25% of sales.If opening stock was £300 and closing stock £250,what were Bloom's purchases?
A) £3,000
B) £2,050
C) £4,050
D) £3,050
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: At the end of the year,Terraplane company
Q2: Not every debit has a credit
Q3: It is essential that every business keeps
Q4: The assets and liabilities of Angus
Q6: Robert's bank statements show he had an
Q7: At the end of the year,NewBiscuit company
Q8: At the beginning of the financial year,trade
Q9: The assets and liabilities of Bon
Q10: Tom's bank statements show he had an
Q11: Debits are increases to liabilities and revenues