Gce Model Questions Vol1 2020 Commerce Question 49

Practice objective / multiple choice question 49 from the 2020 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2020 Commerce Objective / Multiple Choice Easy Difficulty
Question 49 GCE_MODEL_QUESTIONS_VOL1 • 2020 • COMMERCE • objective

A retailer buys goods for \(\text{₦}80{,}000\) and sells them for \(\text{₦}112{,}000\). What is the profit percentage on the cost price (to the nearest whole percent)?

Answer Options

A. 45%
B. 50%
C. 30%
Correct Answer D. 40\%
Correct Answer
D
Correct Option:
40\%

About This Question

This is Gce Model Questions Vol1 2020 Commerce Question 49. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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