- This topic has 1 reply, 2 voices, and was last updated 11 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Dear Sir,
Unable to solve this question:
His rival down the road achieves a gross margin of 15%. His closing inventory was 30% higher than the opening inventory. Sales in the
year were $450,000 and purchases were $400,000.
What was the opening inventory?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.