- This topic has 2 replies, 2 voices, and was last updated 4 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
question : given
margin 5%
opening inventory $800
closing inventory $600
purchases $2840calculate the revenue and gross profit i am able to calculate the cost of sales but how to calculate gross profit from the cost of sales i am having bit of confusion.
i got the answer john sir thanks to notes i was going through i got the same question in the notes in chapter marksup and margins. thanks to opentuition
Viewing 3 posts - 1 through 3 (of 3 total)
- The topic ‘test your understanding 9 of chapter incomplete records book kaplan’ is closed to new replies.