The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales?

Assessment: WAEC SSCE - Financial Accounting - 1991 (Objective) Subject: Financial Accounting

Question 1 Report

The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales?

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