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The following information is available for Orset, a sole trader who does not keep full accounting records:
                                                                                        $
Inventory 1 July 2004                                                     138,600
30 June 2005                                                                 149,100
Purchases for year ended 30 June 2005                        716,100
Orset makes a standard gross profit of 30 per cent on sales.
Based on these figures, what is Orset’s sales figure for the year ended 30 June 2005?
A $2,352,000
B $1,038,000
C $917,280
D $1,008,000

D

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