Can you please help me with the following question?
Catt sells goods at a margin of 50%. During the year to 31 March 20×3 the business made purchases totalling 134025 240,000. Inventories in hand at 31 march, valued at cost, was 11385 higher than the corresponding figure at 1 April 20×2.
What was the cost of the goods Catt had drawn out?