Aisha applies a mark-up of 25% to obtain the selling price of her goods. She provided the
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Aisha applies a mark-up of 25% to obtain the selling price of her goods. She provided the following information:
$
Opening inventory .................. 4,800
Closing inventory ...................... 6,200
Revenue .................................. 70,000
How much were Aisha’s purchases for the year?
A. $51,100
B. $53,900
C. $54,600
D. $57,400
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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