WAEC Financial Accounting 1991 (August) Question 30

Manufacturing cost of finished goods: ₦75,000
Selling and distribution expenses: ₦5,000
Mark-up is 25%

The net profit for the year is

1. A.₦93,750
2. B.₦56,250
3. C.₦18,750
4. D.₦17,500
5. E.₦13,750