Post Utme Bowen University 2018 Commerce Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 25 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

A company's sole trader has a business that is involved in the sale of goods. The company's sole trader has a policy of paying 5% of the selling price to the supplier for each item sold. If the company's sole trader sells 100 items in a day and the selling price for each item is ₦1,000, what is the total amount paid to the supplier in a day?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Bowen University 2018 Commerce Question 25. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

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