Question 2 Ali recently opened a book store at Middlesex University, Hendon selling accounting textbooks. In the first m

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Question 2
Ali recently opened a book store at Middlesex University, Hendon
selling accounting textbooks. In the first month, he bought 1,000
textbooks at £15 each and had 200 textbooks left at the end of the
month. He sells the text books at £25 each.
Required:
a) Calculate Ali’s cost of sales.
b) What gross profit did Ali make in his first month?