Use the following information to answer questio... - WAEC Accounting 2003 Question
Use the following information to answer question,
\(\begin{array}{c|c} & ₦\ \hline \text{Opening stock} & 40,000\ \text{Purchases} & 130,000\ \text{Closing stocks} & 32,000 \ \text{sales} & 180,000\end{array}\)
What was the gross profit?
\(\begin{array}{c|c} & ₦\ \hline \text{Opening stock} & 40,000\ \text{Purchases} & 130,000\ \text{Closing stocks} & 32,000 \ \text{sales} & 180,000\end{array}\)
What was the gross profit?
A
₦8,000
B
₦50,000
C
₦42,000
D
₦10,000
correct option: c
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