Use the following information to answer this question The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8 Calculate the net profit on percentage of expenses.

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Use the following information to answer this question The following are the final ...

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Use the following information to answer this question
The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8

	â‚¦	â‚¦
Salesless: cost of goods sold		233,000170,000
		63,000
less: Overhead ExpensesAdmin expensesSelling expensesOther overhead expenses	16,80015,0006,200
Net profit		25,000

Calculate the net profit on percentage of expenses.

A. 60%
B. 25%
C. 13%
D. 65.7%

Explanation

Net profit on % of expenses =
Net profitÂ Â x 100
Expenses
=

\frac{25000}{38000}

x 100
= 65.7%

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Subjects

• Accounts - Principles of Accounts

• Christian Religious Knowledge (CRK)

• Islamic Religious Knowledge (IRK)

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