Categories: Accounting WAEC

Sales for the period is?

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¢234,400
B. GH¢210,500
C. GH¢133,600
D. GH¢76,900

Correct Answer:

Option A = GH¢234,400

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