Post Utme Pan Atlantic University 2022 Commerce Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2022 Commerce Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • COMMERCE • objective

A business has a stock of goods worth ₦500,000. If the stock is insured against loss or damage, and the premium is 5% of the total value, what is the total amount paid by the business?

Answer Options

A. ₦25000
Correct Answer B. ₦50000
C. ₦25500
D. ₦50500
Correct Answer
B
Correct Option:
₦50000

About This Question

This is Post Utme Pan Atlantic University 2022 Commerce Question 15. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Commerce examination.

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