The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2000. What is the value of sales? by Sunday | Aug 19 | Accounting WAEC | 0 comments A. N42,500 B. N40,500 C. N40,000 D. N38,000 E. N32,000 Correct Answer: Option C – N40,000 Users Also Read These:An asset was bought on 1st January, 1995 for…A limited company has an authorized capital of…Opening creditors was N65,000, closing creditors was…If the gross profit margin is 10% of sales; what is…If a firm has a turnover of N50 000 and the cost of…