The following figures relate to the retail business of Daisy King for the month of July. Goods
Question:
The following figures relate to the retail business of Daisy King for the month of July. Goods sold fall into two categories, X and Y.
You are to calculate for each category of goods:
(a) Cost of goods sold.
(b) Gross profit.
(c) Total expenses.
(d) Net profit.
(e) Average inventory at cost.
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