Post Utme Rsu 2019 Commerce Question 7
Practice objective / multiple choice question 7 from the 2019 Post Utme Rsu Commerce examination.
A sole trader is considering the purchase of a new piece of equipment for his business. The equipment costs ₦200,000 and will last for 5 years. The sole trader expects to use the equipment for 8 hours a day, 5 days a week. The equipment will save him ₦500 per day in labor costs. What is the payback period of the equipment?
Answer Options
About This Question
This is Post Utme Rsu 2019 Commerce Question 7. It is one of the objective questions from the 2019 Post Utme Rsu Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.