Use the following information to answer the question
| ₦ | |
| Opening stock | 40,000 |
| Purchases | 130,000 |
| Closing stocks | 32,000 |
| sales | 180,000 |
A. ₦8,000
B. ₦50,000
C. ₦42,000
D. ₦10,000
Correct Answer: Option C
C. ₦42,000
What was the gross profit?
Products
-
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Co-Ownership Structures and Land Acquisition Methods in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Rights in Community Land and Fundamental Land Concepts in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Customary Land Control and the Origins of Nigeria's Land Use Act
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
-
Land Ownership Principles and Transaction Laws in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.