Post Utme Unilorin 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2024 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNILORIN • 2024 • COMMERCE • objective

Determine the minimum capital required for a sole trader to establish a retail outlet in Nigeria, considering the following costs: ₦500,000 for rent, ₦200,000 for equipment, and ₦150,000 for initial inventory.

Answer Options

A. ₦850,000
B. ₦950,000
Correct Answer C. ₦1,050,000
D. ₦1,200,000
Correct Answer
C
Correct Option:
₦1,050,000

About This Question

This is Post Utme Unilorin 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Unilorin Commerce examination.

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