Post Utme Afe Babalola University 2024 Commerce Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2024 Commerce Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader, Mr. A, has a business that generates an average monthly revenue of ₦200,000. His monthly expenses are ₦50,000, and he saves ₦30,000. If he wants to expand his business by 20% next year, how much additional capital will he need?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Afe Babalola University 2024 Commerce Question 32. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.

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