The following information relates to Gakarara traders for the year 2015. ...

The following information relates to Gakarara traders for the year 2015.

.......................................................shs
Net sales ...........................................320,000
Margin............................................... 25%
Expenses .............................................35,000
Rate of Stock Turnover................................ 6 times
From the information above,calculate
i) Gross profit
ii) Cost of goods sold
iii) Net profit

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sharon kalunda answered the question on September 5, 2019 at 10:35

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