Business, 28.02.2021 16:30, opreston

Gibson sells school bags as an informal trader, using a temporary stall at the local taxi rank. He buys the bags from a Chinese dealer at a cost of R30 each. This dealer allows him to buy the bags on credit. Gibson sells
the bags at a profit mark-up of 40% on cost. Refer to the information provided below to answer the following
questions:

Answers: 2

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Gibson sells school bags as an informal trader, using a temporary stall at the local taxi rank. He b...