The following information relates to the business of K Phiri for the year Purchases 16 000 Sales
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Question:
The following information relates to the business of K Phiri for the year
Purchases 16 000
Sales 20 000 Stock,
1 Jan, 4 000 Stock,
31 Dec. 6 000
Expenses 3 500
Calculate for each year the following:
a) Gross profit as a percentage of turnover
b) Net profit as a percentage of turnover
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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