Ébénis, a distributor of office furniture, buys chairs from a manufacturer, stores them in its warehouses, sets their selling price freely and is solely answerable to its customers for their compliance. It has concluded that it acts as a principal. In 20X1, it sells 1,200 units chairs at a unit price of 85; it bought them at 60 each. What revenue does Ébénis recognise?
- Number of chairs sold
- 1,200
- Unit selling price
- 85
- Unit purchase price
- 60