Question on: JAMB Accounting - 2019
Use the following to answer this question
Opening stock Purchases Sales Closing Stocks | ₦ 20,000 70,000 100,000 15,000 |
What was the gross profit?
A
₦35,000
B
₦75,000
C
₦50,000
D
₦25,000
Ask EduPadi AI for a detailed answer
Correct Option: D
Gross profit = sales - cost of goods sold
= 100,000 - 75,000
= ₦25,000
Add your answer
Please share this, thanks!
No responses