ACCOUNTING

JAMB 2014 - Question 39

Account 2014 JAMB Past Questions - Question 39: Hussain Enterprises sent goods worth N 800,000 at cost plus mark-up of 25% to its branch. Determine the profit on the goods sent to the branch at profit margin of 25% mark-up

Choose the most appropriate option for the gap .
Hussain Enterprises sent goods worth N 800,000 at cost plus mark-up of 25% to its branch.
Determine the profit on the goods sent to the branch at profit margin of 25% mark-up
A:
B:
C:
D:
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Correct Answer

B

Explanation