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 Net profit ________?
A. ₦ 43,000
B. ₦25,000
C. ₦23,000
D. ₦18,000
Correct Answer: Option D
D. ₦18,000
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