An optician\'s shop had an inventory of at the turn of the year. The company purchased goods twice in January: on January for and on January for both amounts including VAT. When counting the inventory on January, it turns out that the company had worth of goods in stock. Ordinary profit before tax cost in January was

What would the pretax profit have been if the inventory at January had been given that the rest of the costs and income had been unchanged.

Answer rating: 100% (QA)

Lets break down the information provided and calculate the pretax profit under the given scenario 1 ... View the full answer