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XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing ...

XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd's profit is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A #58,000.00
  • B #42,000.00
  • C #38,000.00
  • D #22,000.00
  • E #20,000.00
Correct Answer: Option D
Explanation:

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