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Abelawo ltd operates a retail branch at Aba. All purchases are made by the head office ...


Question

Abelawo ltd operates a retail branch at Aba. All purchases are made by the head office in Onitsha and goods are charged to the branch at cost plus 50%. During the year ended. Goods sent to branch at invoiced price is ₦30,870, cash sales ₦13,020 and Bad debt amounted to 129. From the following, what is the profit?

Options

A) 20,580

B) 10,290

C) 7980

D) 30,870

The correct answer is B.


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