Post Utme Igbinedion University 2017 Commerce Question 12
Practice objective / multiple choice question 12 from the 2017 Post Utme Igbinedion University Commerce examination.
A sole trader operates a small retail business, selling a variety of products to customers. The business has a fixed overhead cost of ₦500,000 per month, and the owner's salary is ₦200,000 per month. The business generates revenue from the sale of products, with an average profit margin of 20%. What is the minimum amount of revenue the business must generate each month to break even?
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About This Question
This is Post Utme Igbinedion University 2017 Commerce Question 12. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.
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