Question on: JAMB Commerce - 2019
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
| ₦ | ₦ | ||
| Opening stock Purchase | 1000 7000 | Sales | 8000 |
| Closing Stock | 3000 |
Trading Expenses
Electricity Salaries Rent Depreciations | ₦ 135 875 180 210 |
From the figures given, calculate
Percentage of net profit to turnover
A
30%
B
A.
5%
C
B.
10%
D
20%
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Correct Option: D
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