Post Utme Madonna University 2021 Commerce Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2021 Commerce Objective / Multiple Choice
Question 14 POST_UTME_MADONNA_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader has a turnover of ₦2,000,000 and a profit of ₦300,000. What is the sole trader'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 Madonna University 2021 Commerce Question 14. It is one of the objective questions from the 2021 Post Utme Madonna University 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