If a company buys goods for £50,and then sells half of these for £100.How much profit would be recognised?
A) £25
B) £50
C) £75
D) £100

Name: If a company buys goods for £50,and then sells half of these for £100.How much profit would be recognised? A) £25 B) £50 C) £75 D) £100
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The amount of goods that were sold is half, therefore the other half is still in stock with a value of £25. So £25 of goods were sold, for £100, meaning a gross profit of £75.

If a Company Buys Goods for £50,and Then Sells Half