Aisha opened a shop six months ago, selling homemade cakes and meat pies. She buys her meat pies from a wholesaler. Fig. 3.1 shows Aisha's trading figures for the two products sold. Cakes ($) Revenue 15600 Cost of sales 5000 Gross profit (i) Expenses 2600 Net profit (profit for the year) 8000 Meat pies ($) Revenue 35400 Cost of sales (ii) Gross profit 4200 Expenses 1480 Net profit (profit for the year) (iii) [Figure 3.1] Use Fig. 3.1 to help you answer the following questions.
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