Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

A trader supplied the information below. revenue $120\,000$ inventory held at the beginning of the year $9\,600$ inventory at the end of the year $10\,200$ A mark-up of $25\%$ is applied. What was the total of purchases for the year?

  • A$89\,400$
  • B$90\,600$
  • C$95\,400$
  • D$96\,600$

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