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The cost of goods sold at N32 000 The gross pro... - WAEC Accounting 1991 Question

The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales?
A
N42,500
B
N40,500
C
N40,000
D
N38,000
correct option: c
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