The information given relates to the business of May Styles. Summarised trading and profit and loss account
Question:
The information given relates to the business of May Styles.
Summarised trading and profit and loss account for the year ended 28 February 20*8
Required
Calculate:
a) Mark-up
b) Net profit margin
c) Overheads in relation to turnover
d) Rate of stock turnover.
Transcribed Image Text:
Sales Less cost of sales Stock 1 March 20*7 Purchases Stock 28 February 20*8 Gross profit Expenses Net profit £. 39,000 167,000 206,000 41,000 £ 313,500 165,000 148,500 88,500 60,000
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