Ikram is a hairdresser. His sales revenue was 10% higher this year than last year .He earned a total revenue of Ksh 50,000 last year. He charged an average of Ksh 5for each customer last year and has not increased prices.He buys materials such as shampoo and hairspray and has calculated that the cost is an average of Ksh 2 for each customer. He estimates that his overhead expenses are Ksh 10,000 this year.

Required

1. Calculate Ikram`s sales revenue this year.
2. Calculate Ikram`s net profit this year (use results from (a) above.

Answer rating: 100% (QA)

aIkrams sales revenue this yearLast years sales revenue 10 Ikrams sales revenue this y... View the full answer