Laura sells goods at a gross profit margin of 40%. Which of the following statements is true?
A) Goods sold for £900 will have cost Laura £642.80.
B) Goods sold for £900 will have cost Laura £562.50.
C) Goods sold for £900 will have cost Laura £540.
D) Goods sold for £900 will have cost Laura £360.
Correct Answer:
Verified
Q1: Which of the following is not a
Q2: A cash budget for the six months
Q4: Lisa sells jumpers at a gross profit
Q5: Shirley has made the following predictions for
Q6: Shirley has made the following predictions for
Q7: Shirley has made the following predictions for
Q8: An extract from Bridget's Cash Budget is
Q9: An extract from Hazel's Cash Budget is
Q10: During July, Alison's first month of trading,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents