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?
A. 20,580 B. 10,290 C. 7980 D. 30,870
Correct Answer: B
Explanation
Goods sent to branch : Selling price ⇒ ₦30,870 Convert mark-up to margin
