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taiwo's business has a rate of turnover of 10 times. average stock is 30000. trade...

taiwo's business has a rate of turnover of 10 times. average stock is 30000. trade discount (i.e margin allowed) is 25% off all selling prices; expenses are 200/3 % of Gross profit.
you are to calculate:
a. cost of goods sold
b. mark-up
c. turn over
d. total expenses
e. gross profit
f. net profit?
In Accounting
1 Answers Available
Asked by habeeb on 2nd November, 2022
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free