What was the total Cost of Sales for 2025?

• A. £33.1 million
• B. £60.0 million
• C. £49.1 million
• D. £40.2 million

Answer: (C)

Cost of sales shows the direct costs tied to goods that were sold during the period. It’s the amount you subtract from revenue to get gross profit, and it can also be calculated as opening inventory plus purchases minus closing inventory in a periodic system.

For 2025, the line item reported as cost of sales is £49.1 million, which is why this figure is the one to use. If you know revenue and gross profit, you can verify by subtracting gross profit from revenue to obtain the cost of sales. If you have inventory data, you can also check it with opening stock plus purchases minus closing stock.

The other figures don’t match the cost of sales shown for 2025, so they aren’t the correct value for this item.