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 |
₦ 135 875 180 210 |
From the figures given, calculate
Percentage of net profit to turnover
-
A.
30% -
A.
5% -
B.
10% -
D.
20%