question : given
margin 5%
opening inventory $800
closing inventory $600
purchases $2840
calculate 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.
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test your understanding 9 of chapter incomplete records book kaplan
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
5y ago#2I am please that you found the answer :-)
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