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If goods are sent to branch at 25% on cost, what will be the cost...

Accounts - Principles of Accounts
JAMB 2021

If goods are sent to branch at 25% on cost, what will be the cost of goods sent to the branch at a selling price of ₦100,000?

  • A. ₦130,000
  • B. ₦75,000
  • C. ₦80,000
  • D. ₦125,000
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Correct Answer: Option B
Explanation

25/100 x 100,000 = 25,000

100,000 - 25,000 = 75,000

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now