Use the following information
(begin{array}{c|c} & ₦ \hline text{Opening capital} & 60,000 \ text{Drawings} & 4,000\ text{Cost of sales} & 50,000\ text{General expenses} & 7,000 \ text{Mark-up} & text{50%} end{array})
Net profit is
(begin{array}{c|c} & ₦ \hline text{Opening capital} & 60,000 \ text{Drawings} & 4,000\ text{Cost of sales} & 50,000\ text{General expenses} & 7,000 \ text{Mark-up} & text{50%} end{array})
Net profit is
- A. ₦ 43, 000
- B. ₦25, 000
- C. ₦23, 000
- D. ₦18, 000