Question on: JAMB Accounting - 2013
Sales - #232,000
Opening stock - # 28,000
Purchases - #128,000
Carriage inwards - # 4,000
Carriage outwards - # 6,000
Closing stock - # 10,000
Discount received - # 18,000
Expenses - # 20,000
Calculate the gross profit
A
#100,000
B
#86,000
C
#82,000
D
#76,000
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Correct Option: C
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