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

The correct answer is D. #22,000.00

No explanation given
Previous question Next question