XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent. XYZ Ltd's profit is

XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.

XYZ Ltd's profit is

A #58,000.00
B #42,000.00
C #38,000.00
D #22,000.00
E #20,000.00

waec 1998 commerce

The correct answer is D. #22,000.00

No explanation given

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