Don Pedro has not kept accurate accounting records during the financial year. He had opening...
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Accounting
Don Pedro has not kept accurate accounting records during the financial year. He had opening inventory of $6,700. Additional goods were purchased during the year. At the year end he had $5,400 left in inventory. Total sales was $102,360 All sales are made at a mark up on cost of 20%. What is Don Pedro's Gross Profit for the year?
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