Given the following different scenarios, calculate revenue, gross profit and cost of sales from the information available.

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(a) Revenue £100,000, gross margin 25%.

(b) Revenue £200,000, mark-up 30%.

(c) Cost of sales £50,000, gross margin 25%.

(d) Cost of sales £40,000, mark-up 20%.

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Accounting

ISBN: 9781119977186

3rd Edition

Authors: Michael J. Jones

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Question Posted: May 19, 2024 02:04 AM

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Given the following different scenarios, calculate revenue, gross profit and cost of sales from the information available.

Question:

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Accounting

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