11 The following information is available for Orset, a sole trader who does not keep full accounting

11 The following information is available for Orset, a sole trader who does not keep full accounting records:

Inventory 1 July 2004 138,600

30 June 2005 149,100

Purchases for year ended 30 June 2005 716,100

Orset makes a standard gross profit of 30 per cent on sales.

Based on these figures, what is Orset’s sales figure for the year ended 30 June 2005?

A $2,352,000

B $1,038,000

C $917,280

D $1,008,000

参考答案

正确答案：D

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