The following information was extracted from the books of KM Stores. Rate of stock turnover 3 times Opening stock Sh.80,000 Closing stock Sh.100,000 Mark-up 20% Determine the...

      

The following information was extracted from the books of KM Stores.
Rate of stock turnover 3 times
Opening stock Sh.80,000
Closing stock Sh.100,000
Mark-up 20%
Determine the gross profit.

  

Answers


Kavungya
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Kavungya answered the question on September 26, 2019 at 13:49


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