Question

Traders Inc. estimates that the cost of carrying its inventory goods is 17.5% of the value of the merchandise. About how much does it cost Traders Inc. annually to carry a $590,890 inventory?
$154,329.06
$98,765.00
$103,405.75
$101,211.50

Answer 1

The answer was C

Because $590,890*17.5/100

= $ 103,405,75

I believe that helps you!!!!