Post Utme Uniosun 2020 Commerce Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2020 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNIOSUN • 2020 • COMMERCE • objective

A sole trader has an annual turnover of ₦5 million and an annual profit of ₦750,000. What is the sole trader's profit margin?

Answer Options

A. 15%
Correct Answer B. 20%
C. 25%
D. 30%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Uniosun 2020 Commerce Question 8. It is one of the objective questions from the 2020 Post Utme Uniosun Commerce examination.

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