Rasheda’s sales for 2011 were £206 400, and for 2012 were £ XXXXXXXXXXHer gross profit margins were: 36.3% for 2011 and 36.4% for 2012. Rasheda expects sales in 2013 to increase by the same percentage...

Rasheda’s sales for 2011 were £206 400, and for 2012 were £214 656. Her gross profit margins were: 36.3% for 2011 and 36.4% for 2012. Rasheda expects sales in 2013 to increase by the same percentage as between 2011 and 2012. Gross profit margin should improve to 36.5%.

What is Rasheda’s expected gross profit in 2013 (to the nearest £)?

a) £78 349

b) £78 135

c) £81 483

d) £81 363.