Question 26
Offei, a petty trader sold goods for GH¢36,240. The gross profit being 33\(\frac{1}{3}\)% on cost. What was the cost price?
Objective
Question details
- Exam body
- WAEC
- Subject
- Accounts - principles of accounts
- Year
- 2016
- Question no.
- #26
- Type
- Objective
More from this paper
- Q22Which of the following expenses constitutes prime cost? I. Direct labour cost…
- Q23Partly manufactured goods are treated in the balance sheet of a manufacturing…
- Q24Use the following information to answer this question. Cash purchase - D 29,641…
- Q28Purchases of fixtures and fittings by a club is recorded in the
- Q29The concept which states that the affairs of a business is to be treated as…
- Q30Where fixed capitals are maintained in a partnership, share profits are