(begin{array}{c|c} & text{N} \ hline text{Stock Jan 1} & 2000 \ hline text{Purchases} & 4000 \ hline text{Carriage inwards} & 500 \ hline text{Sales} & 9000 \ hline text{Carriage outwards} & 500end{array})
Carriage outwards
Carriage outwards
-
A.
₦9,000 -
B.
₦2,500 -
C.
₦3,000 -
D.
₦1,500
Correct Answer: Option B
Explanation
(begin{array}{c|c} text{Sales} & & 9000 \ hline text{Stock Jan 1} & 2000 & \ hline text{Purchases} & 4000 & \ hline text{Carriage inwards} & 500 & 6500 \ hline text{Gross profit} & & 2500 end{array})