A business applies a mark-up of $40\%$. The information for the year was as follows. revenue: $\$280000$ inventory at start: $\$44000$ purchases: $\$175000$ What was the closing inventory value?
- A$\$19000$
- B$\$37000$
- C$\$51000$
- D$\$69000$
Accounting 9706 · AS & A Level · Preparation of financial statements