Asim purchased a laptop for OMR 220 and sold it for OMR 310. How much is the mark-up on a laptop he earned?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 16Q: A buyer purchases $250 worth of goods on credit from a seller. Shipping charges are $50. The terms...
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Asim purchased a laptop for OMR 220 and sold
it for OMR 310. How much is the mark-up on a
laptop he earned?
a. OMR 220
b. OMR 310
c. OMR 530
d. OMR 90
Transcribed Image Text:Asim purchased a laptop for OMR 220 and sold it for OMR 310. How much is the mark-up on a laptop he earned? a. OMR 220 b. OMR 310 c. OMR 530 d. OMR 90
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