A retail trader fixes his sale price by adding a third to the cost of every item purchased. He provides you with the information relating to 2010 as stated on the right. He suspects his sales staff of misappropriating cash takings. Estimate the misappropriation.

(a) £91,350
(b) £121,800
(c) £1,107,600

Transcribed Image Text:

Opening inventory £152,800 Purchases £746,200 Sales Closing inventory £985,800 £68,300