Cash takings from customers during the year were £524,800; while the trade receivables at commencement of the year and at year-end were £84,700 and £94,500 respectively. The cost of inventory in hand was £39,800 at commencement and £42,400 at year-end. Identify the purchases during the year, in each of the following independent scenarios:

(a) Sales were at cost plus 50%.

(b) Gross profit ratio is 25% and carriage inwards amounted to £24,000.

(c) Sales were at cost plus 20% and bad debts written off £3,000.

(d) Gross profit ratio is 50% but goods costing £5,000 are lost in a fire.

Transcribed Image Text:

(x) £359,000 £513,200 £540,200 £542,200 (y) £269,900 £446,350 £450,600 £364,000 (z) £537,200 £427,550 £432,680 £274,900