The following balances relates to the retail business of Omondi for the month of July 2012.

      

The following balances relates to the retail business of Omondi for the month of July 2012.

Sales 50,000

Expenses 10% of sales

Cost of goods sold 40,000

Calculate:

(i) Mark up. (1 mark)

(ii) Margin. (1 mark)

(iii) Total expenses. (1 mark)

(iv) Net profit

  

Answers


Martin
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marto answered the question on May 21, 2019 at 09:06


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