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?
N6,500
N64,600
N85,380
N514,600
Correct answer is C
No explanation has been provided for this answer.