Use the following information to answer the given questions (begin{array}{c|c} & N \ hline Debtors…

Use the following information to answer the given questions
(begin{array}{c|c} & N \ hline Debtors & 30,000 \ Creditor & 20,000 \ text{Opening stock} & 15,000 \ text{Closing stock} & 18,000\ Wages & 3,000 \ Salaries & 10,000 \ Purchases & 30,000 \ Sales & 60,000end{array})
The net profit percentage is
  • A.
    100%
  • B.
    67%
  • C.
    50%
  • D.
    33%
  • E.
    17%
Correct Answer: Option D
Explanation
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