Neco Model Questions Vol1 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2024 Commerce Objective / Multiple Choice Easy Difficulty
Question 15 NECO_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • objective

A home baker sells a cake for \(\text{₦}1,200\). The total cost of ingredients and utilities for the cake is \(\text{₦}720\). What is the profit percentage earned on the cake? Give your answer to one decimal place.

Answer Options

A. 60.0%
Correct Answer B. 66.7%
C. 75.0%
D. 55.0%
Correct Answer
B
Correct Option:
66.7%

About This Question

This is Neco Model Questions Vol1 2024 Commerce Question 15. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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