Departmental Trading Account (Extract) Total (₦) P (₦) Q (₦) Total (₦) P (₦) Q (₦) Stock 3,000 2,000 1,000 Sales 10,000 6,000 4,000 Purchases 4,000 2,500 1,...

Question 1 Report

Departmental Trading Account (Extract)
  Total (₦) P (₦) Q (₦)   Total (₦) P (₦) Q (₦)
Stock 3,000 2,000 1,000 Sales 10,000 6,000 4,000
Purchases 4,000 2,500 1,500 Closing stock 2,000 1,500 500

Goods worth ₦300 was transferred from department Q to P Similarly, P's total expenses for the period was ₦200.

What was department Q's gross profit?

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