Home » Accounts (Principles of Accounts) » The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair…

The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair…

The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair dressing, and clothing. The floor spaces occupied by the departments are 3:2:5 respectively. What is the rent allocated to clothing department?

  • A.
    ₦700
  • B.
    ₦1050
  • C.
    ₦1750
  • D.
    ₦3500
Correct Answer: Option C
Explanation

Jewelry 3/10 x 3500 = 1050

  Hairdressing 2/10 x 3500 = 700

  Clothing 5/10 x 3500 = 1750