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Capital at start was ₦250,000, while capital at the end of the year was ₦40...


Question

Capital at start was ₦250,000, while capital at the end of the year was ₦400,000. Drawings during the year amounted to ₦15,000. What is the profit?

Options

A) ₦165,000

B) ₦635,000

C) ₦600,000

D) ₦156,000

The correct answer is A.


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