A-LevelAccountingPreparation of financial statements9706/12 · May/June 2014 · Q121 Mark
For the eleven months ended 31 August 2013, snack bar takings were correctly $109340. For September 2013, the snack bar takings were mixed up with other income, but the snack bar profit margin was 30%. The table shows figures for the snack bar for September 2013. $, opening inventory at cost 6303, purchases 8844, closing inventory at cost 7370 What was the gross profit of the snack bar for the year ended 30 September 2013?
A$27566
B$36 135
C$36593
D$43912
✓ Correct answer
B: $36 135
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