Post Utme Bowen University 2018 Commerce Question 21
Practice objective / multiple choice question 21 from the 2018 Post Utme Bowen University Commerce examination.
A company's sole trader has a business that is involved in the sale of insurance policies. The company's sole trader has a policy of paying 10% of the premium to the insurance company for each policy sold. If the company's sole trader sells 500 policies in a year and the premium for each policy is ₦5,000, what is the total amount paid to the insurance company in a year?
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About This Question
This is Post Utme Bowen University 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.
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