Question 7:A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these were sorted out into the following categories: Category A :1,000 units - Selling price, $.20 per unit.. Category B: 2,000 units - Selling price, $.22.50 per unit Category C:2,400 units - Selling price $.25 per unit. Find out the purchase rate per unit of each category of the material assuming that all grades yield the same rate of profit.

Question 7:A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these were sorted out into the following categories: Category A :1,000 units - Selling price, $.20 per unit.. Category B: 2,000 units - Selling price, $.22.50 per unit Category C:2,400 units - Selling price $.25 per unit. Find out the purchase rate per unit of each category of the material assuming that all grades yield the same rate of profit.

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Description: Question 7:A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these weresorted out into the following categories:Category A :1,000 units - Selling price, $.20 per unit..Category B: 2,000 units - Selling price, $.22.50 per

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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