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

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.

stock
Purchase
1000
7000
Sales 8000
Closing Stock 3000


Trading Expenses the figures given, calculatePercentage 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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