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Muscut LLC has not kept accurate accounting records during the financial year. The company had an opening inventory of OMR 6,700 and purchased goods costing
Muscut LLC has not kept accurate accounting records during the financial year. The company had an opening inventory of OMR 6,700 and purchased goods costing OMR 84,000 during the year. At the year-end, the company had OMR 5,400 left in inventory. All sales are made at a mark upon the cost of 25%. What is the companys gross profit for the year?
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