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GCE Commerce 2025 Objective — Question 15

Question 15 of 50 from the General Certificate of Education (GCE) Commerce 2025 Objective paper, with the correct answer and a full explanation.

The gross profit is

A. #10,000
B. #20,000Correct
C. #50,000
D. #70,000

Explanation

Gross profit = Sales - Cost of goods sold = 90,000 - 70,000 = #20,000.

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