Use the following to answer this question
|
Opening stock |
₦ 20,000 70,000 100,000 15,000 |
What was the gross profit?
-
A.
₦35,000 -
B.
₦75,000 -
C.
₦50,000 -
D.
₦25,000
Correct Answer: Option D
Explanation
Gross profit = sales – cost of goods sold
100,000 – 75,000
⇒ ₦25,000