Use the following information to answer the giv... - WAEC Accounting 1999 Question
Use the following information to answer the given question
(\begin{array}{c|c} & N \ \hline \text{Debtors (1/1/98)} & 2,000 \ \text{Debtors (31/12/98)} & 1,250 \ \text{Cash received from debtors} & 6,000 \ \text{Bad debt written off} & 750 \ \text{Discount allowed} & 500 \ \text{Discount received} & 125\end{array})
Assuming a gross profit of N3,000, what was the net profit?
A
N3,375
B
N2,625
C
N2,000
D
N1,875
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Correct Option: D
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