Post Utme Bowen University 2024 Commerce Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2024 Commerce Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader is considering expanding their business by hiring employees. However, they are concerned about the potential increase in costs. If the sole trader currently earns ₦2,000 per day and the cost of hiring an employee is ₦1,500 per day, what is the minimum number of employees the sole trader must hire to increase their daily earnings by at least 20%?

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Bowen University 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Bowen University Commerce examination.

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