Post Utme Wellspring University 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • COMMERCE • objective

A warehouse manager is responsible for ensuring that inventory levels are accurate and up-to-date. If a warehouse has a total inventory value of ₦500 million and a shrinkage rate of 2%, what is the total value of inventory lost due to shrinkage?

Answer Options

A. ₦10 million
Correct Answer B. ₦15 million
C. ₦20 million
D. ₦25 million
Correct Answer
B
Correct Option:
₦15 million

About This Question

This is Post Utme Wellspring University 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Wellspring University Commerce examination.

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