The net profit of a business is determined by?
COMMERCE
WAEC 2005
The net profit of a business is determined by?
- A. deducting cost of goods sold from sales
- B. deducting purchases from sales
- C. adding commission received to gross profit
- D. deducting all expenses from gross profit and other income
Correct Answer: D. deducting all expenses from gross profit and other income
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