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Given: From the above information, the gross profit from department X is

Accounts - Principles of Accounts
JAMB 2012

Given:

From the above information, the gross profit from department X is

  • A. N3,800
  • B. N2,300
  • C. N2,200
  • D. N2,000
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Correct Answer: Option C
Explanation

Gross profit = sales - cost of goods sold

3000 - 800 = 2200

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now