Post Utme Lautech 2021 Commerce Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Lautech Commerce examination.

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 28 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A firm has a production cost of ₦500 per unit. If it sells 200 units at a price of ₦1000 per unit, what is its total revenue?

Answer Options

A. ₦200000
Correct Answer B. ₦2000000
C. ₦20000000
D. ₦200000000
Correct Answer
B
Correct Option:
₦2000000

About This Question

This is Post Utme Lautech 2021 Commerce Question 28. It is one of the objective questions from the 2021 Post Utme Lautech Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support