Calculate the following: APPLE Mark-up 25 Percent Sales N$ 50 000 Inventory 01.03.2019 N$ 13 800 Inventory 29.02.2020 N$ 7 450 Total Expenses N$ 9 500 Calculate: Gross Profit, Purchases, Cost of Sale and Net Profit?

Calculate the following: APPLE Mark-up 25 Percent Sales N$ 50 000 Inventory 01.03.2019 N$ 13 800 Inventory 29.02.2020 N$ 7 450 Total Expenses N$ 9 500 Calculate: Gross Profit, Purchases, Cost of Sale and Net Profit?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the following:

APPLE
Mark-up 25 Percent
Sales N$ 50 000
Inventory 01.03.2019 N$ 13 800
Inventory 29.02.2020 N$ 7 450
Total Expenses N$ 9 500

Calculate: Gross Profit, Purchases, Cost of Sale and Net Profit?

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