Use the following information to answer the giv... - WAEC Accounting 2001 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline Sales & 200,000 \ \text{Opening Stock} & 20,000 \ purchases & 140,000 \ \text{Closing Stock} & 10,000 \ Expenses & 10,000\ Bank & 10,000 \ Capital & 85,000 \ Creditors & 35,000 \ Debtors & 50,000 \ \text{Fixtures and fittings, cost} & 10,000 \ \text{Freehold land and building} & 70,000 \ Drawings & 10,000\end{array}\)
Percentage of net profit to sales is
\(\begin{array}{c|c} & N \ \hline Sales & 200,000 \ \text{Opening Stock} & 20,000 \ purchases & 140,000 \ \text{Closing Stock} & 10,000 \ Expenses & 10,000\ Bank & 10,000 \ Capital & 85,000 \ Creditors & 35,000 \ Debtors & 50,000 \ \text{Fixtures and fittings, cost} & 10,000 \ \text{Freehold land and building} & 70,000 \ Drawings & 10,000\end{array}\)
Percentage of net profit to sales is
A
40%
B
30%
C
20%
D
10%
correct option: c
Please share this, thanks:
Add your answer
No responses