Use the information below to answer the question . Total P Q Total P Q
FINANCIAL
JAMB 2018
Use the information below to answer the question .
| Total | P | Q | Total | P | Q | ||
| # | # | # | # | # | # | ||
| Stock | 3,000 | 2,000 | 1,000 | Sales | 10,000 | 6,000 | 4,000 |
| Purchase | 4,000 | 2,500 | 1,500 | Closing Stock | 2,000 | 1,500 | 500 |
Goods worth #300 was transferred from department Q to P. Similarly, P’s total expenses for the period was #200.
Department P’s net profit was
- A. #2,500
- B. #2,800
- C. #3,000
- D. #5,200
Correct Answer: A. #2,500
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