Use the following information to answer question,
(begin{array}{c|c} & ₦\ hline text{Opening stock} & 40,000\ text{Purchases} & 130,000\ text{Closing stocks} & 32,000 \ text{sales} & 180,000end{array})
What was the gross profit?
(begin{array}{c|c} & ₦\ hline text{Opening stock} & 40,000\ text{Purchases} & 130,000\ text{Closing stocks} & 32,000 \ text{sales} & 180,000end{array})
What was the gross profit?
-
A.
₦8,000 -
B.
₦50,000 -
C.
₦42,000 -
D.
₦10,000