Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000
What was his net profit?
#35,000
#25,000
#15,000
#5,000
Correct answer is D
Net profit is the profit after expenses must have deducted
cost price 20000
expenses 5000
20000 + 5000 = 25000
sales price 30,000 - 25000 = 5000