Question 50
Incomplete RecordsThe cost of goods sold for the year is Le 200,000 and the mark-up is 30%. The sale for the year is
- A.Le 260,000
- B.Le 200,000
- C.Le 140,000
- D.Le 60,000
Show the answer and explanation
Answer: A (Le 260,000)
Explanation
200,000 × 1.30 = Le 260,000.