Post Utme Uniben 2020 Commerce Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Uniben Commerce examination.

Post Utme Uniben 2020 Commerce Objective / Multiple Choice
Question 12 POST_UTME_UNIBEN • 2020 • COMMERCE • objective

A company has a total of ₦1,000,000 in its bank account. It spends ₦300,000 on raw materials and ₦200,000 on labor. If the company has a 20% profit margin, what is the total revenue for the year?

Answer Options

A. ₦1,400,000
B. ₦1,600,000
C. ₦1,800,000
Correct Answer D. ₦2,000,000
Correct Answer
D
Correct Option:
₦2,000,000

About This Question

This is Post Utme Uniben 2020 Commerce Question 12. It is one of the objective questions from the 2020 Post Utme Uniben Commerce examination.

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