Author Question: The After Five Boutique took in 825,200 in sales during May. They started the month with inventory ... (Read 85 times)

burchfield96 · **on:** Jun 24, 2018

The After Five Boutique took in 825,200 in sales during May. They started the month with inventory worth 524,000 and spent 225,500 on new purchases during the month. Gross margin on sales was 30. Using the gross profit method, estimate the cost value of the inventory at the end of June.
A) 295,100
B) 345,625
C) 171,860
D) 454,250

Question 2

To change a fraction or mixed number to a percent, convert the mixed number to an improper fraction. Then divide the numerator by the denominator. Move the decimal point two places to the right and add a percent sign.
Indicate whether the statement is true or false