Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What will the entity's mark - up as a percentage of cost be , if the entity buys goods to the R 4 5 0

image text in transcribed
What will the entity's mark-up as a percentage of cost be, if the entity buys goods to the R4500,00 and re-sell!s them for R6900,00? Note: Ignore VAT.
Select one:
A.153,33%
B.65,22%
C.100%
D.53,33%
E.34,78%
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

3rd Canadian edition

978-1118727737, 1118727738, 978-1118033890

More Books

Students also viewed these Accounting questions

Question

Who, if anyone, needs training? P9658

Answered: 1 week ago

Question

Vault cash generally shows a bank's liquidity needs. True False

Answered: 1 week ago