The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales? - SchoolNGR

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The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward ...

The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales?

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A N42,500
B N40,500
C N40,000
D N38,000
E N32,000

Correct Answer: Option C

Explanation:

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