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Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch...

Accounts - Principles of Accounts
JAMB 2014

Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch

Determine the profit on the goods sent to the branch at profit margin of 25% mark-up
  • A. #150,000
  • B. #160,000
  • C. #170,000
  • D. #180,000
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Correct Answer: Option D
Explanation
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