Given: Capital at start.......................N3250 Capital at close ......................N6250 Additional capital during the period...N1000 Calculate the...

FINANCIAL
JAMB 2002

Given:

Capital at start.......................N3250

Capital at close ......................N6250

Additional capital during the period...N1000

Calculate the profit or loss?

  • A. N8500 profit
  • B. N2000 loss
  • C. N2000 profit
  • D. N8500 loss

Correct Answer: C. N2000 profit



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