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    Mubeen Moin's Avatar
    Mubeen Moin Posts: 1, Reputation: 1
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    #1

    Oct 22, 2012, 11:40 PM
    Sales
    Hussain obtains a 25% mark-up on all of the goods he sells. In the year to 31 May 2011 the goods which he bought for resale cost him Rs.25,652. His opening inventory was valued at Rs. 3720 & his closing inventory was valued at Rs. 3640/-

    What was the value of his sales for the year 31 May 2011?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Oct 23, 2012, 04:30 AM
    how hard can it be? OS + Purchases - Sales at cost = CS

    sales at cost x 1.25 =

    learn the basic equations
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