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I. A retailer when fixing his selling price adds one-quarter to the cost of the ...


Question

I. A retailer when fixing his selling price adds one-quarter to the cost of the article

II. The expenses of the retailer is 10% of his sales

III. The total sales is ₦23,000

IV. he turned over his stock five times in the year.

The net profit for the year is

Options

A)
₦5,750
B)
₦5,650
C)
₦3,200
D)
₦2,300

The correct answer is C.


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