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The net cost of 750000 plus the programmed markup of 187500

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sSold for csh, one model A1100 Kawasaki Jet Ski Personal Wtercraft. this model retails for $9375.00 plus 8% sales tax.

Note: The Jet Ski being sold for $9375.00 cost the business $7500.00(net). All personal watercraft and trailers carry a 25% markup on net cost (20% markup on selling price). The net cost of $7500.00 plus the programmed markup of $1875.00 (7500.00 x 25%) must equal the credit entry to sales of $9375.00 or the journal entry will not be accepted by the program.

Reference no: EM13484110

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