Basic Math
Have a go at these basic math questions.
A group of 40 contains 10 females, what is the percentage of males?
An item is purchased for $100 and it is then marked up 60%.
What is its selling price?
What is the gross profit %?
This item is now discounted by 50% what is the new selling price?
Three items of product A are sold for $6 per item and six items of product B are sold for $9 per item.
What is the total sales?
If the gross profit margins are 60% for product A and 30% for product B, what is the total Gross Profit?
If a business has assets of $1000 and Liabilities of $600, what is the amount of owners equity?
For each of the following transactions calculate the expense attributable to the year ended June 30 2017
On 1 October 2016 $600 was paid in advance for one years insurance
On 1 June 2017 $700 was paid in advance for 2 months rent
On December 1 2015 $900 was paid in advance for one years insurance
This is a more advanced question.
Assets opening balance
1000
Liabilities opening balance
600
Revenue for Period
1500
Expense for Period
900
Owners Drawings for Period
500
Based on the above information calculate the balance of the capital account at the end of the period
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