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WAEC Book Keeping 2025 Objective — Question 33

Question 33 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.

The gross profit is:

A. N25,000
B. N40,000
C. N60,000Correct
D. N115,000

Explanation

Gross profit = Sales - Cost of goods sold = 100,000 - 40,000 = N60,000.

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