$80,000 at retail and $52,500 at cost. Net purchases during the month are $190,0
ID: 2703840 • Letter: #
Question
$80,000 at retail and $52,500 at cost. Net purchases during
the month are $190,000 at retail and $115,000 at cost.
Transportation charges are $10,500. Sales are $225,000.
Markdowns and discounts equal $30,000. A physical
inventory at the end of the month shows merchandise valued
at $15,000 (at retail) on hand. Compute the following:
a. Total merchandise available for sale
Explanation / Answer
I just know the gross profit..
80000+190000-10500-225000-3000 which equals to 4500rs
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