The information below relates to a company for the financial year ending 31 March. revenue $7\,200\,000 administrative expenses $320\,000 finance costs $150\,000 distribution costs $250\,000 dividend paid $60\,000 No other expenses were incurred during this period. The company applies a constant mark-up of 25% to every item sold. What was the profit from operations for the year ended 31 March?
- A$720\,000
- B$870\,000
- C$1\,080\,000
- D$1\,170\,000