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      Question

      A branch receives goods from the Head Office at an

      invoice price that includes a 25% markup on cost. If the invoice price of goods sent to the branch is β‚Ή1,25,000, then what is the cost of goods?
      A β‚Ή1,10,000 Correct Answer Incorrect Answer
      B β‚Ή95,000 Correct Answer Incorrect Answer
      C β‚Ή1,00,000 Correct Answer Incorrect Answer
      D β‚Ή1,05,000 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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