Accounting WAEC

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?

A. N42,500
B. N40,500
C. N40,000
D. N38,000
E. N32,000

Correct Answer:

Option C – N40,000

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5 years ago

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