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

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Discussions (4)

Dboy1111
5 years ago

Pls show the workings

Dayox
18 hours ago

Answer is 64600
Formular for markup on cost (1+22%)=1.22
549000/1.22=450000
549000-450000=99000
99000-34400=64600

Jaybrill
2 months ago

the ans is 86,380 not 85,380

david00q
2 months ago

very simple
22% of sales which is equal = 120780 minus ur expenses =120780 - 34400 =

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