Calculate the price per share

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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.

Reference no: EM131089637

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