A business operates on a mark-up of 25%. If cost of goods sold is N800,000….

A business operates on a mark-up of 25%. If cost of goods sold is N800,000. What is the profit?
  • A.
    N360,000
  • B.
    N200,000
  • C.
    N160,000
  • D.
    N40,000
Correct Answer: Option B
Explanation
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