The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns…

Accounts - Principles of Accounts WAEC 1991

The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales?

  • N42,500
  • N40,500
  • N40,000 checkmark
  • N38,000
  • N32,000

The correct answer is: C

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