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Calculate the selling price of a product if the cost price is R100 and the mark up on cost is 30%. Ignore VAT. A)  R103 B)  R113 C)  R123 D)  R130

Calculate the selling price of a product if the cost price is R100 and the mark up on cost is 30%. Ignore VAT. A)  R103 B)  R113 C)  R123 D)  R130

FINANCIAL ACCOUNTING
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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  1. Calculate the selling price of a product if the cost price is R100 and the mark up on cost is 30%. Ignore VAT.

    1. A)  R103

    2. B)  R113

    3. C)  R123

    4. D)  R130

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