Use the following to answer the given question
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Use the following to answer the given question
NNOpening stock1,200sales29,000Purchases?Less sales returns 500Add. Carriage Inwards300?Less return outwards1,57028,500Less closing stock2,220Gross Profit(25% of sales)28,50028,500
The goods profit is
N7,425
N7425
N7,625
N7,925
Correct answer is A
No explanation has been provided for this answer.
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