The Cash account of a confectioner records the sales as £216,480 and the purchases as £196,475 in the first year of business. Sales are always made at cost plus 20% and no confectionery remains unsold at the year-end. The owner suspects that part of the amount received from sales has been misappropriated by the manager who has now resigned. What is the extent of suspected misappropriation?

Transcribed Image Text:

a £19,290 b £20,005 c £23,291 C