Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows; Purchases...

      

Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows;
Purchases Shs. 800,000
Sales Shs 950,000
Net profit 5 % of sales
Closing stock Shs 200,000
Calculate;
(i) The gross profit
(ii) The opening stock
(iii)The mark-up percentage
(iv) The net profit.

  

Answers


Kavungya
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Kavungya answered the question on September 25, 2019 at 13:49


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