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

WAEC 2004

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?

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

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Correct Answer: Option B

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

Correct Answer: Option B

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