Post Utme Afe Babalola University 2024 Commerce Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2024 Commerce Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A firm has a 20% markup on its products. If a product is sold for ₦8,000, what is the cost price of the product?

Answer Options

Correct Answer A. ₦6,667
B. ₦6,400
C. ₦6,000
D. ₦6,800
Correct Answer
A
Correct Option:
₦6,667

About This Question

This is Post Utme Afe Babalola University 2024 Commerce Question 29. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.

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