Post Utme Bells University 2021 Commerce Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Bells University Commerce examination.

Post Utme Bells University 2021 Commerce Objective / Multiple Choice
Question 19 POST_UTME_BELLS_UNIVERSITY • 2021 • COMMERCE • objective

A company has a 30% chance of winning a contract worth ₦5 million. If the company wins the contract, it will pay a 10% commission to the sales representative. What is the expected value of the commission?

Answer Options

Correct Answer A. ₦1.5 million
B. ₦1.8 million
C. ₦2.1 million
D. ₦2.5 million
Correct Answer
A
Correct Option:
₦1.5 million

About This Question

This is Post Utme Bells University 2021 Commerce Question 19. It is one of the objective questions from the 2021 Post Utme Bells University Commerce examination.

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