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Retail company total sales in a year

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Reference no: EM131094031

A retail company's total sales in a year were £2,710,000. The cost price of goods sold was £2,040,000. During the year the following overheads were paid (treat wages as overheads):

£

Wages 198,500
Electricity and gas 15,300
Telephone 1,790
Rent of premises 41,090
Office expenses 17,030

Calculate:

(a) gross profit

(b) net profit

(c) the total overheads as a percentage of the total sales.

Reference no: EM131094031

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