Post Utme Veritas University 2020 Commerce Question 12

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

Post Utme Veritas University 2020 Commerce Objective / Multiple Choice
Question 12 POST_UTME_VERITAS_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader, Mr. A, has a business that generates an average profit of ₦500,000 per annum. If he wants to expand his business and increase his profit by 20%, what will be his new average profit?

Answer Options

Correct Answer A. ₦600,000
B. ₦500,000
C. ₦400,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦600,000

About This Question

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

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