Use the information below to answer questions 22 and 23. Incomplete Record (Extract) Sales......................................N10,600 Rent...........................N200...
FINANCIAL
JAMB 2011
Use the information below to answer questions 22 and 23. Incomplete Record (Extract) Sales......................................N10,600 Rent...........................N200 Depreciation of vehicle (cost N5000) 10% Gross profit margin is 20% What is the cost of goods sold?
- A. N4 800
- B. N8 480
- C. N2 320
- D. N 9 900
Correct Answer: B. N8 480
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