Thomas Timms sells furniture. He is uncertain how to value three items of stock.

Required

Calculate the value to be placed on each of the three items of stock.

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Article Table Chair Bed Cost 145 54 170 Selling price Notes 278 75 345 The chair is damaged; before it can be sold it will have to be repaired at a cost of £25. The mattress is dirty and will have to be cleaned at a cost of £2 before it can be sold.