Soru

Apex Retailers operates two departments: Department P and Department Q. For the financial year ended 31 December 2025, the following balances were extracted from the books:

Additional financial information:
1. Department P transferred goods costing $₦30,000$ to Department Q at a transfer price incorporating a $20\%$ mark-up on cost.
2. Shared Administrative Salaries of $₦120,000$ are to be apportioned based on staff headcount (Department P has 6 staff members, Department Q has 4 staff members).
3. Total Rent and Rates paid was $₦50,000$, which includes $₦10,000$ prepaid for the subsequent year. Rent is apportioned based on floor space occupied (Department P: $1,200\text{ sq ft}$; Department Q: $800\text{ sq ft}$).
4. Total Discount Allowed of $₦20,000$ is to be apportioned on the basis of sales turnover.

What is the net profit of Department Q for the year ended 31 December 2025 in Naira ($₦$)?