Neco Model Questions Vol1 2024 Commerce Question 4

Practice objective / multiple choice question 4 from the 2024 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2024 Commerce Objective / Multiple Choice Easy Difficulty
Question 4 NECO_MODEL_QUESTIONS_VOL1 • 2024 • COMMERCE • objective

A retailer buys goods for \(\text{₦}120,000\) and sells them for \(\text{₦}150,000\). What is the profit percentage on the cost price?

Answer Options

A. 22.5
Correct Answer B. 25
C. 20
D. 30
Correct Answer
B
Correct Option:
25

About This Question

This is Neco Model Questions Vol1 2024 Commerce Question 4. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support