Waec Model Questions Vol1 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2017 Commerce Objective / Multiple Choice Easy Difficulty
Question 20 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • COMMERCE • objective

A retailer raises the price of a product from \(\₦2,000\) to \(\₦2,200\). As a result, the quantity sold per month falls from 150 units to 120 units. What is the percentage change in the retailer's monthly revenue?

Answer Options

A. -14%
Correct Answer B. -12%
C. -8%
D. -10%
Correct Answer
B
Correct Option:
-12%

About This Question

This is Waec Model Questions Vol1 2017 Commerce Question 20. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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