Post Utme Elizade University 2020 Commerce Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2020 Commerce Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2020 • COMMERCE • objective

A warehouse in Nigeria stores goods worth ₦10 million. The warehouse is insured against theft and damage. The insurance premium is ₦200,000 per annum. What is the insurance premium as a percentage of the total value of the goods?

Answer Options

A. 2%
Correct Answer B. 1%
C. 0.5%
D. 0.2%
Correct Answer
B
Correct Option:
1%

About This Question

This is Post Utme Elizade University 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.

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