A business operates on a mark-up of 25%. If cost of goods sold is N800,000. What is profit? By: Sunday|Published on: Jun 4|Categories: Accounting WAEC| 0 comments A. N360,000 B. N200,000 C. N160,000 D. N40,000 Correct Answer: Option B B. N200,000 Users Also Read These:Which of the following is correct about cost of goods sold?The cost of goods sold at N32,000. The gross profit…If a business uses part of its profit to develop the…If the gross profit margin is 10% of sales; what is…If a business uses part of its profit to develop the…SEE ALSO The accounting entries for recording cash withdrawal by the proprietor for personal use are, debit