Department K Y Opening stock #2,500 #800 Purchases #120,000 #100,000 Sales #180,000 #200,000 Salaries #8,000 #30,000 Closing stock #3,000 #1,500 Rate expenses of #1,500 are apportioned in the ratio 1:2. What is the net profit of Y?

Department K Y
Opening stock #2,500 #800
Purchases #120,000 #100,000
Sales #180,000 #200,000
Salaries #8,000 #30,000
Closing stock #3,000 #1,500
Rate expenses of #1,500 are apportioned in the ratio 1:2.
What is the net profit of Y?

SchoolNGR Classroom

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A #52,000
B #68,300
C #68,800
D #69,300

Correct Answer: Option C

Explanation:
opening stockÂ Â Â Â Â Â 800Â Â Â Â Â
purchaseÂ Â Â Â Â Â Â Â Â 100,000Â Â Â
Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 100,800
less; closing stockÂ Â 1500Â Â Â Â Â Â Â Â Â Â Â Â Â 99,300
SalariesÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 30,000
Rates(1:2 of 1500= 1/3x1500)Â Â Â 500Â Â Â Â 30500Â
Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 68,800
Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â

Prev Current Next

Search SchoolNGR

Department K Y Opening stock #2,500 #800 Purchases #120,000 ...

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

Study Subjects

Stay Updated