The following information is provided for a company for the financial year ended 31 March.
There were no other expenses for this period.
The company adds a uniform mark-up of 25% on all goods sold.
What was the profit from operations for the year ended 31 March?
1 )
＄720 000
＄870 000
3 )
＄1 080 000
4 )
＄1 170 000
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