\(\begin{array}{c|c} & N \\ \hline \text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000
FINANCIAL
JAMB 2017
\(\begin{array}{c|c} & N \\ \hline
\text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000 \\ \hline \text{Carriage inwards} & 500 \\ \hline \text{Sales} & 9000 \\ \hline \text{Carriage outwards} & 500
\end{array}\)
Determine the net profit
- A. N4,000
- B. N4,500
- C. N5,000
- D. N1,400
Correct Answer: D. N1,400
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