WAEC Accounting 2024 Objective — Question 25
Question 25 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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The sales value for the business is
- A. $216,000
- B. $204,000
- C. $200,000Correct
- D. $192,000
Explanation
Profit = 2/3 x cost of sales = 2/3 x $120,000 = $80,000. Sales = cost + profit = $120,000 + $80,000 = $200,000.
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