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Percentage of net profit to turnover

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

   
Opening stock
Purchase
1000
7000
Sales 8000
Closing Stock 3000

Trading Expenses

Electricity
Salaries
Rent
Depreciations


135
875
180
210

From the figures given, calculate

Percentage of net profit to turnover

  • A.
    30%
  • A.
    5%
  • B.
    10%
  • D.
    20%
Correct Answer: Option D
Explanation