Post Utme Covenant University 2023 Commerce Question 12
Practice objective / multiple choice question 12 from the 2023 Post Utme Covenant University Commerce examination.
A sole trader has an annual turnover of ₦1,500,000 and an annual profit of ₦200,000. If the sole trader wants to increase its annual profit by 15% while keeping the annual turnover constant, what percentage increase in the annual turnover is required?
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About This Question
This is Post Utme Covenant University 2023 Commerce Question 12. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.
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