Loading [MathJax]/jax/output/HTML-CSS/jax.js
Home / Aptitude Tests / Accounting / Use the following to...

Use the following to answer the given question

...

Use the following to answer the given question


NNOpening stock1,200sales29,000Purchases?Less sales returns 500Add. Carriage Inwards300?Less return outwards1,57028,500Less closing stock2,220Gross Profit(25% of sales)28,50028,500


What is the cost of goods purchased?

A.

N22,095

B.

N22,395

C.

N22,765

D.

N23,665

E.

N23,965

Correct answer is D

No explanation has been provided for this answer.