In Roshan’s first year of trading, his sales totalled $\$55\,000$. His gross profit margin was $20\%$. The closing inventory was $\$3200$. What were the purchases for the year?
- A$\$41\,250$
- B$\$44\,000$
- C$\$44\,450$
- D$\$47\,200$
Accounting 0452 · IGCSE · Valuation of inventory