Use the following information to answer the giv... - WAEC Accounting 1991 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{Manufacturing cost of finished goods} & 75,000 \ \text{Mark-up is 25%} & 5,000 \end{array}\)
The gross profit for the year is
\(\begin{array}{c|c} & N \ \hline \text{Manufacturing cost of finished goods} & 75,000 \ \text{Mark-up is 25%} & 5,000 \end{array}\)
The gross profit for the year is
A
N93,750
B
N56,250
C
N18,750
D
N17,500
correct option: c
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