The following information relates to Moyale Retailers for the month of July 2015: Sales – Ksh 50,000 Cost of sales – Ksh 40.000 Average stock – ksh 20,000 Expenses were – 5% of sales Calculate: (i) Mark-up (2 marks) (ii) Margin (2 marks) (iii) Total expenses (2 marks) (iii) Net profit

The following information relates to Moyale Retailers for the month of July 2015:

Sales – Ksh 50,000

Cost of sales – Ksh 40.000

Average stock – ksh 20,000

Expenses were – 5% of sales

Calculate:

(iii) Net profit