- 1 Marks
Question
If goods were invoiced by the Head Office to a branch for N86,400 at cost plus a 25% mark-up, what was the cost of the goods?
A. N64,800
B. N69,120
C. N86,400
D. N103,680
E. N108,000
Answer
B. N69,120
- Tags: Cost of Goods, Financial Reporting, Invoice
- Level: Level 1
- Topic: Recording Financial Transactions
- Series: MAY 2013
- Uploader: Theophilus