The following represent extracts from the trading account of a retail outlet for a given month:

Opening stock N2,400

Closing stock N6,400

Other expenses N2,000

Sales N11,000

Profit N900

What is the purchase figure for the month?

  • A N13,000
  • B N12,100
  • C N12,000
  • D N11,200

The correct answer is B. N12,100

No explanation given
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