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The Asa branch of Emene company Ltd, made a sales of ₦549,000 from the goods s...


Question

The Asa branch of Emene company Ltd, made a sales of ₦549,000 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 ₦34,400 and there were no discrepancies, what should be the profit of the branch for the period?

Options

A)
₦6,500
B)
₦64,600
C)
₦85,380
D)
₦514,600

The correct answer is C.


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