Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

Meesha gave the following figures for her first year of trading. sales (1000 units at $10 each): $10\,000 cost of sales (1000 units at $4.50 each): $4\,500 gross profit: $5\,500 During her second year of trading, Meesha lowered the selling price and sold 1500 units. Her gross profit fell by $250. The cost per unit did not change. What was the total value of sales in the second year of trading?

  • A$9750
  • B$10\,250
  • C$12\,000
  • D$12\,500

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