Given: Net profit-----------------------N25,000 Cost of sale---------------------N25,000 Sales----------------------------N85,000 Determine the total expenses.

JAMB 1997

Given:
Net profit-----------------------N25,000
Cost of sale---------------------N25,000
Sales----------------------------N85,000
Determine the total expenses.

A. N45,000
B. N35,000
C. N25,000
D. N15,000

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Correct Answer: Option B

Explanation

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