Question: Consider the same example as the previous one. Wannabe-Rich traders wishes to improve its profitability by advertising a clearance sale for the next month of

Consider the same example as the previous one.

Wannabe-Rich traders wishes to improve its profitability by advertising a clearance sale for the next month of trading. The entity decides to markdown its selling price by 20% to sell the products for R120 each.

Required

Prepare the statement of comprehensive income if the entity sells 800 units.

Prepare the statement of comprehensive income if the entity sells 1500 units.

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