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Business, 19.10.2021 23:30 kprincess16r

1. question 1 and 2 are based on the following information A trader had $5000 purchases. he adds 20 percent to his cost price to obtain his selling price. his total sales were $2400. Calculate his gross profit a. 400
b. 480
c. 3800
d. 3000

2. what is his closing capital
a. 4000
b. 3500
c. 3800
d. 3000

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Answers: 2

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