Use the information below to answer questions 23 and 24.
Incomplete Record (Extract)
Sales………………………………..N10,600
Rent………………………N200
Depreciation of vehicle (cost N5000) 10%
Gross profit margin is 20%
What is the cost of goods sold?
- N4 800
-
N8 480
- N2 320
- N 9 900