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

By: |Published on: Jan 10|Categories: Accounting WAEC| 0 comments

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

Correct Answer: Option C

C. ₦6,174

Explanation

Convert mark-up to margin

25/100=4

=11+4=15

profit = 1/5 x 30,870 = 6,174

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