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The Asa branch of Emene company Ltd, made a sales of N549,000 from the goods sent from ...

The Asa branch of Emene company Ltd, made a sales of N549,000 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 N34,400 and there were no discrepancies, what should be the profit of the branch for the period?
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  • A N6,500
  • B N64,600
  • C N85,380
  • D N514,600
Correct Answer: Option C
Explanation:

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