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Question 10 |
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This question was on the calculation of discount, selling price, gross profit and gross profit
percentage.
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Candidates avoided the question which shows that they had no sufficient knowledge of the
question.
The following formulars should be noted.
- Selling Price = catalogue price minus trade
- Net Amount paid = Selling minus Cash discount
(c) Gross Profit Percentage = Grossprofit x 100
Sales I
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