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Calculate the profit for the month of may

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Reference no: EM132628593

J Small decided to buy and sell goods from his garage after he lost his job at the end of April 2019. During May 2019 Small purchased goods to the value of R54 000, one third of which was sold for R38 000 during May 2019.

Problem 1: Distribution and administration expenses amounted to R3 000 and electricity amounted to R800. Show workings to calculate the profit for the month of May 2019.

Reference no: EM132628593

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