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4. Rundle Ltd has estimated sales for Jan to April as: Jan $150,000 Feb 180,000 March 120,000 April 165,000 The mark-up on cost is 150%

4.

Rundle Ltd has estimated sales for Jan to April as:

Jan $150,000

Feb 180,000

March 120,000

April 165,000

The mark-up on cost is 150% and management requires that opening stock be 80% of sales (at cost) each month. What is the purchases amount for March?

Select one:

a. $52,800

b. $84,000

c. $104,000

d. None of the above

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