| 11 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 |