Find the gross profit.
Use the information below to answer question 14 and 15.
Sales………………………………N10,900
Stock 1/1…………………………..N1, 000
Stock 31/12…………………………N2, 000
Purchases…………………………..N4, 000
Returns outwards…………………….N800
Returns inwards……………………..N600
Carriage outwards……………………N300
Carriage inwards…………………….N200
Find the gross profit.
A N7 800
B N7 900
C N9700
D 5700
Answer is B
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