Use the following information to answer questions below A trader bought goods worth #16,000 and…

Accounts - Principles of Accounts WAEC 2022

Use the following information to answer questions below

A trader bought goods worth #16,000 and sold three-quarter of it for #20,000

The gross profit is

  • #4,000 checkmark
  • #8,000
  • #12,000
  • #6,000

The correct answer is: A

Explanation

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