Use the information above to answer the question Find the gross profit.

Use the information above to answer the question
Find the gross profit.

  • A.
    N370,000
  • B.
    N230,000
  • C.
    N150,000
  • D.
    N140,000
Correct Answer: Option D
Explanation

Gross profit = sales – cost of goods sold 

370,000 – 230,000 = 140,000

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