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Business, 10.10.2019 02:20 eguzmandpandoracom

On april 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. the following data are available: sales, january 1 through april 15 $480,000inventory, january 1 80,000purchases, january 1 through april 15 400,000markup on cost 25%the amount of the inventory loss is estimated to be: a. $96,000.b. $48,000.c. $120,000.d. $80,000.

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