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\(\begin{array}{c|c} & N \\ \hline Sales & 200,00...

Use the following information to answer the given question 

NSales200,000Opening Stock20,000purchases140,000Closing Stock10,000Expenses10,000Bank10,000Capital85,000Creditors35,000Debtors50,000Fixtures and fittings, cost10,000Freehold land and building70,000Drawings10,000 Gross profit is

A.

N70,000

B.

N60,000

C.

N50,000

D.

N40,000

Correct answer is C

No explanation has been provided for this answer.