₦ ₦ Stock 1/1 20,000 Net sales 370,000 Add purchases 250,000 Cost of goods available for sale 270,000 Less stock 31/12 40,000 Cost of goods sold 230,000 Ren...

Assessment: JAMB UTME - Commerce - 2023 Subject: Commerce

Question 1 Report

Stock 1/1 20,000 Net sales 370,000
Add purchases 250,000
Cost of goods available for sale 270,000
Less stock 31/12 40,000
Cost of goods sold 230,000
Rent expenses 35,000

Calculate the net profit

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