5 Assume that Company A has a sales revenue of 10 000 for the year. The opening...
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5 Assume that Company A has a sales revenue of £10 000 for the year. The opening stock had a value of £2000 and during year the company made purchases of £6000.
What would be the gross profit if the closing stock was valued at
(a) £1500
(b) £2000
(c) £2500?
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