On 31 August 2019, the following balances for the financial year have been extracted from Jatinder's books:

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Sales: £357,000,

Purchases: £225,000,

Value of goods returned by customers: £3,500,

Closing inventory: £32,000,

Value of goods returned to suppliers: £4,300,

Opening inventory: £28,200.

What is Jatinder's gross profit for the year ended 31 August 2019?

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Frank Woods Business Accounting Volume 2

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Authors: Frank Wood, Alan Sangster

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Posted Date: Dec 28, 2023 02:45 AM

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On 31 August 2019, the following balances for the financial year have been extracted from Jatinder's books:

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To calculate Jatinders gross profit use the following formu... View the full answer

Frank Woods Business Accounting Volume 2

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