Post Utme Summit University 2021 Commerce Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Summit University Commerce examination.

Post Utme Summit University 2021 Commerce Objective / Multiple Choice
Question 17 POST_UTME_SUMMIT_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader has an annual turnover of ₦5,000,000. If the sole trader's profit margin is 20%, what is the sole trader's profit for the year?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Summit University 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Summit University Commerce examination.

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