Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

A jewellery retailer adds a $100\%$ mark-up to his goods. He gave the following figures: revenue $68\,200$, discount received $1080$, profit for the year $18\,395$. What were his total expenses?

  • A$14\,625$
  • B$16\,785$
  • C$48\,725$
  • D$50\,885$

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