FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Q.3.2 Complete the following table by calculating and filling in the missing amounts
listed as A to F below:
You are not required to redraft the table in your answer. Just write down the
letter and the correct answer.
Mark-up on cost
Cost price
Profit
(VAT exclusive)
(VAT exclusive)
1.
200 %
A
B
(6)
Selling Price
(VAT exclusive)
R6 000
Mark-up on
Cost price
Profit
Selling Price
selling price
(gross margin)
(VAT exclusive)
(VAT exclusive)
(VAT exclusive)
2.
25%
с
R100
D
3.
E
R2 500
R500
F
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Transcribed Image Text:Q.3.2 Complete the following table by calculating and filling in the missing amounts listed as A to F below: You are not required to redraft the table in your answer. Just write down the letter and the correct answer. Mark-up on cost Cost price Profit (VAT exclusive) (VAT exclusive) 1. 200 % A B (6) Selling Price (VAT exclusive) R6 000 Mark-up on Cost price Profit Selling Price selling price (gross margin) (VAT exclusive) (VAT exclusive) (VAT exclusive) 2. 25% с R100 D 3. E R2 500 R500 F
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