The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns…

The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales?
  • A.
    N42,500
  • B.
    N40,500
  • C.
    N40,000
  • D.
    N38,000
  • E.
    N32,000
Correct Answer: Option C
Explanation
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