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How much was the cost of each? briefcase

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John commenced business on 1 January Year 9. During the year ending on 31 December Year? 9, he bought a quantity of leather briefcases at a uniform cost and sold? 5,800 of them at pound 50 each. An inventories check on 31 December Year 9 established that he holds 650 unsold briefcases.? John's gross profit for the year was pound ?116,000.
  
Problem 1: How much was the cost of each? briefcase?

Reference no: EM132992708

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