JAMB Principles of Accounts 1994 Question 46

Perebeni Enterprises has two departments, A and B, with the following information:
Opening stock: A ₦5 000; B ₦1 500
Purchases: A ₦26 000; B ₦3 000
Closing stock: A ₦7 000; B ₦2 500
Sales: A ₦45 000; B ₦4 000
The following expenses are to be shared in the ratio of 4 : 1
Rent ₦8 300
General expenses ₦3 200
What is the net profit (or loss) contributed by department B?

1. A.₦2 000
2. B.(₦2 000)
3. C.(₦300)
4. D.₦300.