Home » Past Questions » Accounts » Use the following information to answer this question The following are the fina...

Use the following information to answer this question The following are the fina...


Question

Use the following information to answer this question

The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8

 
Sales

Less: cost of goods sold

 233,000

170,000

  63,000
less: Overhead Expenses

Admin expenses

Selling expenses

Other overhead expenses

16,800

15,000

6,200

 

Net profit 25,000

Calculate the net profit on percentage of expenses.

Options

A) 60%

B) 25%

C) 13%

D) 65.7%

The correct answer is D.


More Past Questions:


Discussion