Post Utme Lasu 2018 Commerce Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Lasu Commerce examination.

Post Utme Lasu 2018 Commerce Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2018 • COMMERCE • objective

A firm has a production cost of ₦500,000 per month. If it sells its product for ₦1,000,000 per month, what is its profit margin?

Answer Options

A. 50%
Correct Answer B. 60%
C. 70%
D. 80%
Correct Answer
B
Correct Option:
60%

About This Question

This is Post Utme Lasu 2018 Commerce Question 24. It is one of the objective questions from the 2018 Post Utme Lasu Commerce examination.

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