Use the following information to answer this question
GH¢
Gross profit ———————-50,400
Discounts relieved ————-3,300
Discounts allowed ————–2,500
Net profit ————————–26,500
Cost of goods sold ————-184,000
A. GH¢27,300
B. GH¢25,700
C. GH¢24,700
D. GH¢23,900
Correct Answer:
Option C = GH¢24,700
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