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WAEC Accounting 2017 Paper
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© africaexams.com
Question : 30
Total: 50
A trader sells goods at an average margin of 20%. His cost of sales for the month amounted to N720,000. What is his profit figure?
N900,000
N864,000
N840,000
N180,000
Validate
Solution:
20
100
x 720,000 = 144,000
720,000 + 144,000 = 864,000
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