Clark Casc plc's revenue for last year was 178 million, their cost of sales was 104 million, their distribution costs were 10 million, their administrative expenses were 21 million, their finance costs were 3 million, they had no finance income, the corporation tax on their profit was 8 million and they paid a dividend of 11 million. What was their gross profit?

Answer rating: 100% (QA)

To calculate the gross profit we can use the formula Gr... View the full answer