\(\begin{array}{c|c} & N \\ \hline Sales & 200,00...
Use the following information to answer the given question
NSales200,000Opening Stock20,000purchases140,000Closing Stock10,000Expenses10,000Bank10,000Capital85,000Creditors35,000Debtors50,000Fixtures and fittings, cost10,000Freehold land and building70,000Drawings10,000 Percentage of net profit to sales is
40%
30%
20%
10%
Correct answer is C
No explanation has been provided for this answer.
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