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Capital at start was ₦280,000, while at the end of the year was ₦485,000 and...


Question

Capital at start was ₦280,000, while at the end of the year was ₦485,000 and drawings during he year was ₦15,000. What is profit for the year?

Options

A) ₦265,000

B) ₦220,000

C) ₦205,000

D) ₦190,000

The correct answer is B.


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