Post Utme Ims U 2019 Commerce Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Ims U Commerce examination.

Post Utme Ims U 2019 Commerce Objective / Multiple Choice
Question 30 POST_UTME_IMS_U • 2019 • COMMERCE • objective

A sole trader business has a turnover of ₦2,000,000 and a profit of ₦300,000. What is the business's profit margin?

Answer Options

A. 15%
Correct Answer B. 20%
C. 25%
D. 30%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Ims U 2019 Commerce Question 30. It is one of the objective questions from the 2019 Post Utme Ims U Commerce examination.

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