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  5. Gross profit can be...

Gross profit can be calculated as

Commerce
NECO 2005
Gross profit can be calculated as
  • A. Cost of good sold minus cost of goods available for sale
  • B. cost of goods available for sales minus sale
  • C. Sales minus purchases
  • D. Sales minus cost of good sold
  • E. Sales minus closing stock
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Correct Answer: Option D
Explanation
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WAEC and NECO CBT App for Mobile Devices - 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
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts