WAEC - Accounts Principles Of Accounts (2022 - No. 7)
Use the following information to answer questions below
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The margin would be
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The margin would be
1/2
1/5
2/5
2/3
Explanation
Margin = Profit/Selling Price x 100
= 4,000/20,000 x 100
= 20%
= 20/100
= 1/5
= 4,000/20,000 x 100
= 20%
= 20/100
= 1/5
Comments (0)
