A trader adds 25% on cost as profit. The profit on sales of $300,000 would…

Accounts - Principles of Accounts WAEC 2020

A trader adds 25% on cost as profit. The profit on sales of $300,000 would be 

  • $75,000 checkmark
  • $60,000
  • $50,000
  • $20,000

The correct answer is: A

Explanation

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