Calculate the net profit.
...
Calculate the net profit.
N35,000
N40,000
N105,000
N115,000
Correct answer is C
Net profit = Gross profit - expenses
To get gross profit subtract cost of goods sold from sales. Hence we have;
370,000 - 230,000 = 140,000
Net profit = 140,000 - 35,000 = 105,000
Similar Questions
The current growth in the volume of trading and financial dealings in Nigeria is helped by? ...
Rakiya and joy are in a partnership and agreed that 5% interest per annum is to be charged on ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...
Which of these is a content of a master file? ...
Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000 ...
Use the information below to answer this question. \(\begin{array}{c|c} \hline & \text{Dept A...
Discount allowed would appear on the ...
Which of the following entries would be made for goods bought and paid for immediately? Debit ...
An ordinary share of N80 was issued at N96. The share was issued at? ...