A professional services firm has income of pound1750000. it, Ask an Expert

Accounting

A professional services firm has income of £1,750,000. It incurs salaries of £1.6 million of which 60% is allocated as a cost of sales and the balance as selling and administration. The only other cost charged to cost of sales is travelling of £50,000. Other administration costs are £80,000. find out the gross profit and net profit.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M944971

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