JAMB - Accounts Principles Of Accounts (2021 - No. 30)
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?
₦130,000
₦75,000
₦80,000
₦125,000
Explanation
25/100 x 100,000 = 25,000
100,000 - 25,000 = 75,000
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