The After Five Boutique took in 748,200 in sales during May. They started the month with inventory worth 419,000 and spent 154,800 on new purchases during the month. Gross margin on sales was 40. Using the gross profit method, estimate the cost value of the inventory at the end of June.
A) 385,100
B) 124,880
C) 134,880
D) 724,250
Question 2
30 of the graduating class of North College received immediate job offers. If there were 650 graduating students, how many students received job offers? The solution to the problem above is 21.667.
Indicate whether the statement is true or false
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