Use the following information to answer the given question (begin{array}{c|c} & N \ hline text{Sales}…

Use the following information to answer the given question
(begin{array}{c|c} & N \ hline text{Sales} & 14,600 \ text{Purchases} & 5,500 \ text{Return inward} & 150 \ text{Rent} & 2,000 \ text{Salaries} & 1,000 \ text{Discount received} & 400\ text{Closing stock} & 250 \ text{Opening stock} & 100end{array})
Gross profit is
  • A.
    N10,350
  • B.
    N10,200
  • C.
    n9,500
  • D.
    N9,100
Correct Answer: Option D
Explanation
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