BECE Business Studies 2022 Objective — Question 56
Question 56 of 119 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.
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A trader bought goods for ₦12,000. At what price would he sell if he is to make a profit of 5%?
- A. ₦12,600Correct
- B. ₦12,100
- C. ₦12,000
- D. ₦11,900
- E. ₦11,400
Explanation
Profit = 5% of 12,000 = 600. Selling price = 12,000 + 600 = 12,600.
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