The mark-up is
...Use the following information to answer this question
Sales for the year 450,000
Purchases for the year 230,000
Opening stock 60,000
Closing stock 40,000
The mark-up is
88%
80%
44.44%
26.67%
Correct answer is C
No explanation has been provided for this answer.
Which of the following accounts is debited when a delivery van is sold for cash? ...
The total cash and cheques received from customers in a control account is derived from the ...
Which of the following bases of accounting does not make allowance for depreciation? ...
An event that will not require a change in the profit-sharing ratio of partners in a firm is wh...
A source document for the sales day book is ...
Which of the following does not relate to government accounting system? ...
Company as a legal entity means that it ...
\(\begin{array}{c|c} & & ₦\\ \hline \text{Raw materials} & \text{stock 1/1/2000} &...
Which of the following is not an Appropriation account item for a company? ...