Post Utme Afe Babalola University 2020 Commerce Question 23
Practice objective / multiple choice question 23 from the 2020 Post Utme Afe Babalola University Commerce examination.
A sole trader is considering the purchase of a new business. The business requires an initial investment of ₦200,000. The sole trader expects to earn a profit of ₦50,000 per year. What is the minimum number of years the sole trader must operate the business to recover the initial investment?
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About This Question
This is Post Utme Afe Babalola University 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.
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