Branch Accounts - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 66:

• JAMB 2019

A company goods sent to branch at invoiced price is ₦30,870 at cost plus 25%. The mark-up is

A. ₦20,000
B. ₦6,000
C. ₦6,174
D. ₦10,000

Question 67:

• 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