Head office sends goods to its branch at cost plus mark-up of of 25%. A
FINANCIAL
JAMB 2006
Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of
- A. N4000
- B. N6000
- C. N10000
- D. N8000
Correct Answer: D. N8000
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