Question: answer this 5:14 AM Thu Jun 26 . . . 35% ASSIGN RECV INVTY Q A Done 8 1 of 2 12. On the eve

answer this

5:14 AM Thu Jun 26 . . . 35% ASSIGN RECV INVTY Q A Done 8 1 of 2 12. On the eve of February 14, a fire destroyed the entire merchandise inventory of Dee Merchandising. the merchandise were not insured with any insurance company. The following data were gathered: Inventory, January 1 - P 250,000; Purchases from January 1 to February 14 - P1,500,000; Sales from January 1 to February 14 - P2,000,000; Mark up percentage on cost - 25%. What is the approximate inventory loss as a result of the fire? C. P 150,000 D. P 312,500 D. P 250,000 E. P 1,500,000

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