Ruth started trading a year ago. She sells her products at a mark up of 3 0

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Ruth started trading a year ago. She sells her products at a mark up of

30 % .

In the first year of trading, she bought goods for $

25, 800 .

Her sales in the year were $

30, 888 .

What is the value of Ruth

s closing inventory?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 10, 2024 06:51 AM

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Ruth started trading a year ago. She sells her products at a mark up of 3 0

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First lets understand what a mark up of 30 means If Ruth purchases a product for 1 s... View the full answer

Income Tax Fundamentals 2013

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