Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the following: COMPANY A Mark-up 25 Percent Sales N$ 12 500 Inventory 01.04.2020 N$ 4 500 Inventory 31.03.2021 N$ 3 800 Calculate: Gross Profit,
Calculate the following:
COMPANY A
Mark-up 25 Percent
Sales N$ 12 500
Inventory 01.04.2020 N$ 4 500
Inventory 31.03.2021 N$ 3 800
Calculate: Gross Profit, Purchases and Cost of Sale?
COMPANY B
Margin 20 Percent
Purchases N$ 22 400
Inventory 01.06.2020 N$ 8 700
Inventory 31.05.2021 N$ 5 100
Calculate: Gross Profit, Sales and Cost of Sale?
COMPANY C
Sales N$ 54 500 Gross Profit N$ 12 000
Calculate: Percentage Mark-up, Margin and amount of Cost of Sale?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started