If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?

A) $320,000
B) $192,500
C) $275,000
D) $105,000

Question

If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?

A) $320,000 
B) $192,500 
C) $275,000 
D) $105,000

Quizplus · Accepted Answer

The Answer of If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?

A) $320,000 
B) $192,500 
C) $275,000 
D) $105,000

If the Estimated Rate of Gross Profit Is 30%,what Is