A trader reports his sales in 2010 as 548,700. What would be his gross profit in each

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A trader reports his sales in 2010 as £548,700. What would be his gross profit in each of the following independent circumstances:
(a) His gross profit percentage is 25%
(b) He effects his sales at cost plus 25%
(c) He effects his sales at cost plus 20%
(d) He effects his sales at cost plus 40%

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Related Book For  book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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