Mathematics, 15.12.2021 14:10 mahmudabiazp3ekot

Rose Ltd was set up on 1 May 20X8 with opening capital of £1,000. During the month of May, it entered into the following transactions: Purchases of goods for resale, on credit £12,100

Payments to credit suppliers £ 8,400

Sales on credit £16,200

Sales in cash £ 1,300

Receipts from credit customers £ 3,200

Non-current assets purchased for cash £ 1,500

Depreciation £ 100

Other expenses, all paid in cash £ 800

What is the net profit earned by Rose Ltd in the month of May 20X8?

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