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Use this information to answer this question. Below is the trading, profit and loss ...

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
₦ ₦
Opening stockPurchase 10007000 Sales 8000
Closing Stock 3000




Trading Expenses
ElectricitySalariesRentDepreciations ₦135875180210




From the figures given, calculate


Percentage of net profit to turnover
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  • A 30%
  • B 5%
  • C 10%
  • D 20%
Correct Answer: Option D
Explanation:

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