Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Manufacturing cost of finished goods} & 75,000 \\ \text{Mark-up is 25%} & 5,000 \end{array}\)
The gross profit for the year is
A.
N93,750
B.
N56,250
C.
N18,750
D.
N17,500
E.
N13,750
Correct Answer: Option C
Explanation
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