Use the following information to answer the given questions $\begin{array}{c|c} & N \ \hline Debtors & 30,000 \ Creditor & 20,000 \ \text{Opening stock} & 15,000 \ \text{Closing stock} & 18,000\ Wages & 3,000 \ Salaries & 10,000 \ Purchases & 30,000 \ Sales & 60,000\end{array}$The net profit percentage is

Question

Use the following information to answer the given questions $\begin{array}{c|c} &amp; N \ \hline Debtors &amp; 30,000 \ Creditor &amp; 20,000 \ \text{Opening stock} &amp; 15,000 \ \text{Closing stock} &amp; 18,000\ Wages &amp; 3,000 \ Salaries &amp; 10,000 \ Purchases &amp; 30,000 \ Sales &amp; 60,000\end{array}$The net profit percentage is

Lessonnotes Admin · Accepted Answer

The answer is D. 33%.