Given: Capital at start.......................N3250 Capital at close ......................N6250 Additional capital during the period...N1000 Calculate the...

JAMB 2002

Given:

Capital at start.......................N3250

Capital at close ......................N6250

Additional capital during the period...N1000

Calculate the profit or loss?

A. N8500 profit
B. N2000 loss
C. N2000 profit
D. N8500 loss

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Correct Answer: Option C

Explanation

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