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Accounts (Principles of Accounts) · Incomplete records

Accounts (Principles of Accounts)Incomplete recordsWAEC

A trader adds 25% to cost. Cost of sales is ₦160,000. Find the sales.

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Answer: C. ₦200,000

Sales = 160,000 × 1.25 = ₦200,000.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

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