Post Utme Afe Babalola University 2025 Commerce Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2025 Commerce Objective / Multiple Choice
Question 18 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader has an annual turnover of ₦5 million and a net profit of ₦1.2 million. What is the sole trader's profit margin?

Answer Options

A. 24%
B. 25%
Correct Answer C. 26%
D. 27%
Correct Answer
C
Correct Option:
26%

About This Question

This is Post Utme Afe Babalola University 2025 Commerce Question 18. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Commerce examination.

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