JAMB Principles of Accounts 2008 Question 34

Departmental Trading Account (Extract)
Stock: Total ₦3 000; P ₦2 000; Q ₦1 000
Purchases: Total ₦4 000; P ₦2 500; Q ₦1 500
Sales: Total ₦10 000; P ₦6 000; Q ₦4 000
Closing stock: Total ₦2 000; P ₦1 500; Q ₦500
Goods worth N 300 was transferred from department Q to P. Similarly, P's total expenses for the period was N 200.
What was department Q's gross profit?

1. A.N2 500
2. B.N2 300
3. C.N2 200
4. D.N1700