XYZ Ltd’s total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent. XYZ Ltd’s Net Profit is

by | Jul 22 | Commerce WAEC | 0 comments

A. #58,000.00
B. #38,000.00
C. #24,000.00
D. #22,000.00
E. #20,000.00

Correct Answer:

Option E – #20,000.00