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XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing s...


Question

XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.

XYZ Ltd's Net Profit is

Options

A) #58,000.00

B) #38,000.00

C) #24,000.00

D) #22,000.00

E) #20,000.00

The correct answer is E.


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