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Calculate cost of goods sold and gross profit

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W White's business has a rate of turnover of 5 times. average stock is $ 25000. trade discount (i.e margin allowed ) is 40% off all selling prices. expenses are 70% of gross profit.

Question a: Calculate

1 cost of goods sold.

2. gross profit.

3 turnover.

4. total expenses.

5 net profit.

Reference no: EM132591859

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