Accounts > 2011 > 24
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%
Calculate the net profit
A.
₦1 920
B.
₦1 620
C.
₦1 420
D.
₦2 120
Answer: C
To see detailed solution to this question and thousands of other questions offline, download TestDriller UTME. Practice rigorously for UTME, enjoy educational games, summary of JAMB literature books, compete with your peers, win prizes and more.
09037778195