Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

A trader supplied the details below. Revenue $120\,000$; inventory at the start of the year $9\,600$; inventory at the end of the year $10\,200$. A 25% mark-up is used. What were the year's purchases?

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

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