The Asa branch of Emene company Ltd made a sale... - JAMB Accounting 1995 Question
The Asa branch of Emene company Ltd, made a sales of N549,000 from the goods sent from the head office during the period ended 31/12/94. These sales were based on a 22% mark up. If branch expenses were N34,400 and there were no discrepancies, what should be the profit of the branch for the period?
A
N6,500
B
N64,600
C
N85,380
D
N514,600
correct option: c
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