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NABTEB Book Keeping 2015 Objective — Question 33

Question 33 of 40 from the National Business and Technical Examinations Board (NABTEB) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.

The gross profit is

A. #25,000
B. #40,000
C. #60,000Correct
D. #115,000

Explanation

Gross profit = Sales - Cost of goods sold = 100,000 - 40,000 = #60,000.

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