Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

A cricket club established a snack bar on 1 January 2019. The information below is given. - Sales receipts for snacks for the year ending 31 December 2019: $\$3\,250$ - Purchase cost of snacks: $\$2\,500$ - Wage paid to the snack bar assistant: $\$250$ - Value of snacks remaining unsold at 31 December 2019: $\$520$ What profit was earned by the snack bar?

  • A$\$500$
  • B$\$750$
  • C$\$1\,020$
  • D$\$1\,270$

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