The following information is available about the transactions of Razil, a sole trader who does not keep proper accounting records: $ Opening inventory 77,000 Closing inventory 84,000 Purchases 763,000 Gross profit as a percentage of sales 30% Based on this information, what is Razil's sales revenue for the year? A $982,800 B $1,090,000 C $2,520,000 D $1,080,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is available about the transactions of Razil, a sole trader who does not keep

proper accounting records:

$

Opening inventory 77,000

Closing inventory 84,000

Purchases 763,000

Gross profit as a percentage of sales 30%

Based on this information, what is Razil's sales revenue for the year?

A $982,800

B $1,090,000

C $2,520,000

D $1,080,000

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