Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit? by Sunday | Dec 6 | Accounting JAMB | 0 comments A. N30 000 B. N50 000 C. N70 000 D. N100 000 Correct Answer: Option B – N50 000 Users Also Read These:Capital at the start was ₦250,000, while capital at…Williams and Jacob are in partnership but there is…XYZ Ltd's total sales was #100,000. It had opening…Opening creditors was N65,000, closing creditors was…Assuming a gross profit of N3,000. What was the net profit?