PAPER 1.1 每天一练 4

The following information is available for Orset, a sole trader who does not keep full accounting records:
$
Inventory 1 July 2004 138,600
30 June 2005 149,100
Purchases for year ended 30 June 2005 716,100
Orset makes a standard gross profit of 30 per cent on sales.


Based on these figures, what is Orset’s sales figure for the year ended 30 June 2005?
A $2,352,000
B $1,038,000
C $917,280
D $1,008,000

[ 本帖最后由 香铭 于 2007-4-22 09:29 编辑 ]

看看答案是什么???!!!!!

看看答案!!!!!!!

看看答案是什么???!!!!!

D

answers

answer is D?<br>have a look<br><br>

why no answer?

gross profit  margin=30%

gross profit/ sales = 30%

(sale-cost of sales)/sales = 30%

sale - cost of sale = 0.3 sales

0.7sales  =  cost of sales

0.7sales = opening stock + purchase - closing stock

0.7sales = 138600+716100-149100

0.7 sale = 705600

sales =   705600/0.7

sale =  1008000

答案是D