david nix
meibaker
Registered Posts: 481
having problems once again with my closing stock, 61,361, is it right?
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If its the Pract Exam in the Osborne Book  the closing stock figure was 6120.0

got it complete wrong, what's the gross profit figure? 93,800x33%=30954 ? if so, the close stock is 5874, where did i go wrong?0

got it complete wrong, what's the gross profit figure? 93,800x33%=30954 ? if so, the close stock is 5874, where did i go wrong?
Your sales figure should be £93,900, of which the gross profit is one third. You need to be careful when calculating this as 33% isn't an exact third. Instead, divide £93,900 by 3 this will give a gross profit of 31,300.0 
Your sales figure should be £93,900, of which the gross profit is one third. You need to be careful when calculating this as 33% isn't an exact third. Instead, divide £93,900 by 3 this will give a gross profit of 31,300.
oh no, that's prob why my figure is wrong then? thanks richard0
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