Post Utme Madonna University 2023 Commerce Question 28
Practice objective / multiple choice question 28 from the 2023 Post Utme Madonna University Commerce examination.
A sole trader is considering expanding its business by opening a new branch. The initial investment required for the new branch is ₦1,500,000. If the sole trader expects to earn a profit of ₦200,000 per year from the new branch, how many years will it take to break even?
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About This Question
This is Post Utme Madonna University 2023 Commerce Question 28. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.
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