A trader has budgted sales for the coming year of $300,000. He achieves a constant mark-up of 25% on cost. He plans to reduce his inventory level by $14,000 over the year. His budgeted purchases for the year will be??

First its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.

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