The profit realized from the trade is?

Goods from head office…………….N13,400
Returns to head office ……………N118
Rates and insurance paid ………….N188
Wages paid ………………………N913
Cash remitted to head office……….N16,625
Stock at 1/1/2000…………………N1,875
Rents paid ………………………N325
Stock at 31/12/2000 ………………N1,975
Sundry expenses ………………….N200

A. N4 069
B. N1 817
C. N1 440
D. N1 328

Correct Answer:

Option A – N4 069