Post Utme Igbinedion University 2025 Commerce Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2025 Commerce Objective / Multiple Choice
Question 9 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • COMMERCE • objective

A company is considering two different modes of payment for its customers: cash and credit. The company charges a 5% interest rate on credit sales. If a customer purchases a product worth ₦10,000 on credit, how much will the customer pay in total?

Answer Options

A. ₦10,000
Correct Answer B. ₦10,500
C. ₦11,000
D. ₦11,500
Correct Answer
B
Correct Option:
₦10,500

About This Question

This is Post Utme Igbinedion University 2025 Commerce Question 9. It is one of the objective questions from the 2025 Post Utme Igbinedion University Commerce examination.

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