Post Utme Uniben 2024 Commerce Question 8
Practice objective / multiple choice question 8 from the 2024 Post Utme Uniben Commerce examination.
A sole trader has a business that sells goods online. The sole trader has a turnover of ₦10 million per annum and a profit of ₦2 million per annum. The sole trader's capital is ₦1 million. Calculate the sole trader's return on capital (ROC) using the formula: ROC = (Profit / Capital) x 100.
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About This Question
This is Post Utme Uniben 2024 Commerce Question 8. It is one of the objective questions from the 2024 Post Utme Uniben Commerce examination.
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