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. Part D The following information is available for a sole trader for a financial...

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Accounting

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. Part D The following information is available for a sole trader for a financial year: Inventory at the start of the accounting period was Ksh9,750, During the period, the sole trader purchased goods for resale totalling Ksh87,200. Purchases returns amounted to Ksh1,210 Carriage inwards costs totalled Ksh930. The closing inventory at the year-end was at Ksh8,740. Discounts received during the year amounted to Ksh540. . . . The mark up of the business during the year is 50%. You are required to: Calculate the gross profit made by the sole trader during the financial year. 5 Marks Total 20

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