Stated on the right is information in respect of a wholesale merchant. The cost of closing inventory

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Stated on the right is information in respect of a wholesale merchant. The cost of closing inventory has been ascertained as £198,600. What is his:

(a) Profit margin ( as a percentage)
(b) Gross profit percentage

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 27, 2023 11:13 AM

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Stated on the right is information in respect of a wholesale merchant. The cost of closing inventory

Question:

Opening inventory Purchases Sales X 20% 20% y 25% 25% £142,400 £596,200 £675,000 Z 50% 50%

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Financial Accounting An Introduction

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