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Use the following information to answer the given questio...

Use the following information to answer the given question:


NStock at 1st Jan. 19016,500Stock at 31st Dec. 19015,500Creditors at 1st Jan. 19014,000Creditors at 31st December 19015,000cash paid for goods during the year20,000Gross profit25% on costAdministrative and selling expenses2,750
What is the turn-over for he year?

A.

N27,500

B.

N26,500

C.

N25,500

D.

N24,500

E.

N22,000

Correct answer is A

No explanation has been provided for this answer.