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Use the information above to answer the question that follows:Find the gross pro...


Question

Use the information above to answer the question that follows:

  
Stock 1/120,000Net sales370,000
Add purchases250,000  
Cost of goods available for sale270,000  
Less stock 31/1240,000  
Cost of goods sold   
Rent expenses35,000 230,000

Find the gross profit.

Options

A) ₦370,000

B) ₦230,000

C) ₦150,000

D) ₦140,000

The correct answer is D.


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