Accounts > 2011 > 23
JAMB UTME
Use the information below to answer this question.
Incomplete Record (Extract)
| ₦ | ₦ | |
| Sales | 10600 | |
| Rent | 200 |
Depreciation of vehicle(cost ₦5000)10%
Gross profit margin is 20%
What is the cost of goods sold?
A.
₦8 480
B.
₦4 800
C.
₦2 320
D.
₦9 900
Answer: A
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