(Answered) Question - suppose that over a period brad recorded the

Accounting

Question - Suppose that over a period Brad recorded the following:

• Sales: £120,000

• Sales returns: £1,900

• Purchases: £75,000

• Purchase returns: £1,000

• Carriage inwards: £3,200

• Carriage outwards: £1,250

At the start of the period, his inventory was £38,300 and at the end of the period his inventory was £40,400.

Calculate Brad's gross profit for the period.

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