Post Utme Futo 2019 Commerce Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice
Question 22 POST_UTME_FUTO • 2019 • COMMERCE • objective

A sole trader has a business unit that sells goods to consumers. If the sole trader has a profit margin of 25% and the selling price is ₦1,500, what is the cost price of the goods?

Answer Options

Correct Answer A. ₦1,125
B. ₦1,250
C. ₦1,375
D. ₦1,500
Correct Answer
A
Correct Option:
₦1,125

About This Question

This is Post Utme Futo 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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