Use the information below to answer question 4 and 5. Sales N20,000 Cost sales N10,000...

JAMB 2000

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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Correct Answer: Option C

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