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20.11 Aluki fixes prices to make a standard gross profit percentage on sales of 20%.
The following information for the year ended 31 January 20X3 is available to compute her sales total for the year.
Inventory: 1 February 20X2 243,000
31 January 20X3 261,700
Purchases 595,400
Purchases returns 41,200
What is the sales figure for the year ended 31 January 20X3?
A $669,375
B $702,600
C $772,375
D $741 ,480
答案:A
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