Use the following to answer the given question (begin{array}{c|c} & N \ hline text{Stock 1/1/93}…

Use the following to answer the given question
(begin{array}{c|c} & N \ hline text{Stock 1/1/93} & 4,500 \ Sales & 13,500\ Purchases & 5,000 \ text{Carriage inwards} & 500 \ text{Stock 31/12/93} & 4,200 \ text{Return inwards} & 600end{array})
Gross profit is
  • A.
    N8,300
  • B.
    N8,200
  • C.
    N7,700
  • D.
    N7,600
  • E.
    N7,100
Correct Answer: Option E
Explanation
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