Use the information below to answer question 4 and 5.

Sales N20,000
Cost sales N10,000
Operating expenses N2,500
Expenses prepaid included
in operating expenses N500

Calculate the net profit?

a

N12,500

b

N10,000

c

N8,000

d

N7,500

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c

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Damilola654
2 years ago

Net profit=total revenue-total expenses

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