Use the following information to answer this question GH¢ Gross profit 50,400 Discounts relieved 3,300 Discounts allowed 2,500 Net profit 26,500 Cost of goo...

Assessment: WAEC SSCE - Financial Accounting - 2021 (Objective) Subject: Financial Accounting

Question 1 Report

Use the following information to answer this question
                                         GH¢
Gross profit                     50,400
Discounts relieved            3,300
Discounts allowed             2,500
Net profit                          26,500
Cost of goods sold         184,000

Sales for the period is

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