Mapnitna uses a periodic inventory system. The following information relates to the year ended 30 April 2022:
R
Sales 1 863 000
Opening inventory of 200 000
merchandise
Closing inventory of merchandise 280 000
A mark-up of 15% on cost is applied consistently to establish the selling price. The purchases for the year amounts to_____
A. R1 700 000
B. R1 783 000
C. R1 943 000
D. R1 583 550
