The following amounts appeared in the statement of profit or loss and other comprehensive income of Kqadi Traders:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following amounts appeared in the
statement of profit or loss and other
comprehensive income of Kqadi Traders:
Revenue
R488 750
Gross profit
R153 560
Profit for the year R102 375
What is the mark-up percentage (%) on cost?
Round off to two decimal places.
Transcribed Image Text:The following amounts appeared in the statement of profit or loss and other comprehensive income of Kqadi Traders: Revenue R488 750 Gross profit R153 560 Profit for the year R102 375 What is the mark-up percentage (%) on cost? Round off to two decimal places.
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