Post Utme Caleb University 2023 Commerce Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2023 Commerce Objective / Multiple Choice
Question 32 POST_UTME_CALEB_UNIVERSITY • 2023 • COMMERCE • objective

A firm's break-even point is ₦1,200,000. If the selling price is ₦2,500 and the variable cost is ₦1,000, what is the contribution margin ratio?

Answer Options

Correct Answer A. 0.6
B. 0.7
C. 0.8
D. 0.9
Correct Answer
A
Correct Option:
0.6

About This Question

This is Post Utme Caleb University 2023 Commerce Question 32. It is one of the objective questions from the 2023 Post Utme Caleb University Commerce examination.

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