| ₦ | |
| Stock Jan 1 | 2600 |
| Purchases | 4000 |
| Carriage inwards | 500 |
| Sales | 9000 |
| Carriage outwards | 500 |
A. ₦4,000
B. ₦4,500
C. ₦5,000
D. ₦1,400
Correct Answer:
Option D – ₦1,400
Determine the net profit?
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