Savithry (Student) 30 April 2019
X Ltd., has a retail branch at Madras. Goods are sold to customer at cost plus 100%. The invoice or wholesale price is cost plus 80%. From the following particulars, find out the profit made at Head Office and at Madras Branch for the year ended 31-12-95.
Stock on 1.1.95
Goods sent to Branch ( at Invoice Price)
Sales at Head Office are made only on wholesale basis and that at branch only to consumers.