Use the following information to answer the giv... - WAEC Accounting 2000 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{Sales} & 14,600 \ \text{Purchases} & 5,500 \ \text{Return inward} & 150 \ \text{Rent} & 2,000 \ \text{Salaries} & 1,000 \ \text{Discount received} & 400\ \text{Closing stock} & 250 \ \text{Opening stock} & 100\end{array}\)
Gross profit is
\(\begin{array}{c|c} & N \ \hline \text{Sales} & 14,600 \ \text{Purchases} & 5,500 \ \text{Return inward} & 150 \ \text{Rent} & 2,000 \ \text{Salaries} & 1,000 \ \text{Discount received} & 400\ \text{Closing stock} & 250 \ \text{Opening stock} & 100\end{array}\)
Gross profit is
A
N10,350
B
N10,200
C
n9,500
D
N9,100
correct option: d
Please share this, thanks:
Add your answer
No responses