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:If a business uses part of its profit to develop the…Which of the following is correct about cost of goods sold?What would be the cost of goods sold?If the turnover of as business is N16,000 and the…Yinka bought goods worth N800.00 and sold at a…SEE ALSO Which of the following has a debit balance at the end of the year?