Omar imports onyx picture frames from India. He prepares accounts to 30 April each year. In the year ending 30 April 2012 he records the following totals for trading transactions: Omar’s opening...

Omar imports onyx picture frames from India. He prepares accounts to 30 April each year. In the year ending 30 April 2012 he records the following totals for trading transactions:

Omar’s opening inventory at 1 May 2011 was £43 730 and his closing inventory at 30 April 2012 was £41 180.

What is Omar’s gross profit for the year?

a) £97 431

b) £99 773

c) £109 517

d) £91 388.

May 26, 2022

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Omar imports onyx picture frames from India. He prepares accounts to 30 April each year. In the year ending 30 April 2012 he records the following totals for trading transactions: Omar’s opening...

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