Small Time Dealers purchased goods to the value of R19 000. All the goods were sold...
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Small Time Dealers purchased goods to the value of R19 000. All the goods were sold within 20 days. It was determined that the following additional expenses should be allocated to this parcel of goods; rental of R1 000, electricity of R380 and wages of R1 500. The total selling price of the goods was R32 300. Required: Calculate the total costs to be taken into account against the total selling price. (5) Small Time Dealers purchased goods to the value of R19 000. All the goods were sold within 20 days. It was determined that the following additional expenses should be allocated to this parcel of goods; rental of R1 000, electricity of R380 and wages of R1 500. The total selling price of the goods was R32 300. Required: Calculate the total costs to be taken into account against the total selling price. (5)
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