Question on: WAEC Accounting - 2008
Use the following information
\(\begin{array}{c|c} & ₦ \\hline \text{Opening capital} & 60,000 \ \text{Drawings} & 4,000\ \text{Cost of sales} & 50,000\ \text{General expenses} & 7,000 \ \text{Mark-up} & \text{50%} \end{array}\)
Net profit is
\(\begin{array}{c|c} & ₦ \\hline \text{Opening capital} & 60,000 \ \text{Drawings} & 4,000\ \text{Cost of sales} & 50,000\ \text{General expenses} & 7,000 \ \text{Mark-up} & \text{50%} \end{array}\)
Net profit is
A
₦ 43,000
B
₦25,000
C
₦23,000
D
₦18,000
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Correct Option: D
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