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What was the net profit arising as a result of transactions

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Question - A business purchase goods on credit for $10000, half the goods purchased were sold for cash at a markup of 120%. Sales commission of 5% was payable on this transaction. All takings were banked.

What was the net profit arising as a result of entering into these transactions?

A. $5700

B. $5450

C. $4750

D. $5200

Reference no: EM132641508

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