JAMB - Commerce (2025 - No. 39)
Use the following information below to answer the question
Ojo bought a bicycle for ₦20,000, and repaired it at a cost of ₦5,000. He then sold the bicycle for ₦30,000
What is the percentage of expenses over cost?
Ojo bought a bicycle for ₦20,000, and repaired it at a cost of ₦5,000. He then sold the bicycle for ₦30,000
What is the percentage of expenses over cost?
25%
17%
33%
50%
Explanation
% of expenses over cost =
500/20,000 x 100
= 25%
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