Use the following information to answer this question.
| ₦ | |
| Opening capital | 60,000 |
| Drawings | 4,000 |
| Cost of sales | 50,000 |
| General expenses | 7,000 |
| Mark-up | 50% |
What is the closing capital?
A. ₦81,000
B. ₦78,000
C. ₦74,000
D. ₦64,000
Correct Answer: Option C
C. ₦74,000
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