The following information was extracted from the books of Nancy traders for the months ended 31.6.2009. Sh Closing Stock 10,000 Purchases 120,000 Opening stock 15,000 The average mark up for the goods...

      

The following information was extracted from the books of Nancy traders for the months ended 31.6.2009.
Sh
Closing Stock 10,000
Purchases 120,000
Opening stock 15,000
The average mark up for the goods sold was 40%
Calculate.
i)Cost of sales.
ii)Gross profit
iii)Sales

  

Answers


Kavungya
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Kavungya answered the question on September 26, 2019 at 07:17


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