I. A retailer when fixing his selling price adds one-quarter to the cost of the article II. The expenses of the retailer is 10% of his sales III. The total sales is N23,000 IV. he turned over his stock five times in the year. The net profit for the year is

I. A retailer when fixing his selling price adds one-quarter to the cost of the article

II. The expenses of the retailer is 10% of his sales

III. The total sales is N23,000

IV. he turned over his stock five times in the year.

The net profit for the year is

The correct answer is C. N3,200

No explanation given