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Wannabe-Rich traders incurs a cost of R100 per unit when they buy their product from the supplier. They add 50% mark up on their cost
Wannabe-Rich traders incurs a cost of R100 per unit when they buy their product from the supplier. They add 50% mark up on their cost before selling the product at R150 to their customers. The entity sells 500 units of their products monthly. The entity further incurs monthly overheads expenditure of R15 000.
Ignore tax.
Required
Prepare a short statement of comprehensive income.
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