BECE Business Studies 2025 Objective — Question 7
Question 7 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2025 Objective paper, with the correct answer and a full explanation.
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If the cost price of a bag is ₦2,000 and the selling price is ₦2,400, calculate the percentage of the profit made.
- A. 40.0%
- B. 33.3%
- C. 20.0%Correct
- D. 16.7%
Explanation
Profit 400 / cost 2000 × 100 = 20%.
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