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A company's total sales in a year were £950,000. The cost price of goods sold was £480,000.
During the year overheads were: £
Wages 56,500
Heat, light, telephone 4,250
Premises 25,000
Office expenses 8,050
Calculate:
(a) gross profit
(b) total overheads
(c) net profit
(d) the net profit as a percentage of the total sales, answering to the nearest whole number per cent.
At the end of the year the retailer issued shares in the business.
He planned to raise £3,000,000 through the issue of 2,500,000 shares.
(e) Calculate the price per share.
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A copy company wants to expand production. It currently has 20 workers who share eight copiers.Copiers cost about twice as much as workers.
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