Post Utme Bells University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and sells it for ₦750,000. If the company incurs a loss of ₦20,000 on the sale, what is the profit percentage?

Answer Options

A. 5%
B. 10%
Correct Answer C. 15%
D. 20%
Correct Answer
C
Correct Option:
15%

About This Question

This is Post Utme Bells University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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