Neco 2019 Commerce Question 7
Practice objective / multiple choice question 7 from the 2019 Neco Commerce examination.
An entrepreneur invests \(200\,000\) naira as capital in a sole‑trader business and records a net profit of \(48\,000\) naira for the year. What is the rate of return on capital expressed as a percentage (to the nearest whole percent)?
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About This Question
This is Neco 2019 Commerce Question 7. It is one of the objective questions from the 2019 Neco Commerce examination.
Difficulty level: Easy .
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