Question
The policy of redbear limited is a gross profit mark-up of cost 40% on cost. Gross profit for January was R8000. The sales and costs
The policy of redbear limited is a gross profit mark-up of cost 40% on cost. Gross profit for January was R8000. The sales and costs of sales for January were ___ and ___ respectively
A- R16000 and R8000
B- R20 000 and R12000
C- R24000 and R16000
D- R28000 and R20000
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Managerial Accounting
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
7th edition
1260482936, 978-1260482935
