A business has the following items extracted from its accounting records. Sales £75,000, opening inventory £5,000, closing inventory £7,500. The business applies a constant mark up of 25%. The total purchases for the year are?

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The Answer of A business has the following items extracted from its accounting records. Sales £75,000, opening inventory £5,000, closing inventory £7,500. The business applies a constant mark up of 25%. The total purchases for the year are?

A Business Has the Following Items Extracted from Its Accounting