Capital at start was N280,000, while at the end of the year was N485,000 and drawings during he year was N15,000. What is profit for the year? - SchoolNGR

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Capital at start was N280,000, while at the end of the year was N485,000 and drawings ...

Capital at start was N280,000, while at the end of the year was N485,000 and drawings during he year was N15,000. What is profit for the year?

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A N265,000
B N220,000
C N205,000
D N190,000

Correct Answer: Option B

Explanation:

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