there is the question for F3*INT ,the given answer is A, but I thought is B. Can anybody tell me how to deal with this.
In the year ended 31 Decenmber 2005,Beverton made a gross profit of $72,000 on sales of $200,000.
In the following year its sales increased by 20% and its gross profit percentage decreased by 3%.
Purchases for 2006 totalled $170,000, a 25% increase on the previous year, and stock at 31 December 2006 was valued at $51,000.
What was the stock figure at 31December 2005?
A $33,800
B $41,800
C $42,300
D $52,200
THANK YOU.
In the year ended 31 Decenmber 2005,Beverton made a gross profit of $72,000 on sales of $200,000.
In the following year its sales increased by 20% and its gross profit percentage decreased by 3%.
Purchases for 2006 totalled $170,000, a 25% increase on the previous year, and stock at 31 December 2006 was valued at $51,000.
What was the stock figure at 31December 2005?
A $33,800
B $41,800
C $42,300
D $52,200
THANK YOU.