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MM does not maintain complete accounting records The following information is available for the year...

MM does not maintain complete accounting records The following information is available for the year ended 31 December 20X3.

The mark up on items sold by MM is 20%

What is the figure for purchases to be included in MM's statement of profit or loss for the year ended 31 December 20X3?

A.

$61,000

B.

$61,500

C.

$63,500

D.

$59,000

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