Neco Model Questions Vol1 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2021 Commerce Objective / Multiple Choice Easy Difficulty
Question 24 NECO_MODEL_QUESTIONS_VOL1 • 2021 • COMMERCE • objective

A retailer purchases a product for ₦800 and sells it for ₦1,200. What is the profit percentage based on the cost price? Express your answer as a percentage to the nearest whole number.

Answer Options

A. 75
Correct Answer B. 50
C. 40
D. 60
Correct Answer
B
Correct Option:
50

About This Question

This is Neco Model Questions Vol1 2021 Commerce Question 24. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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