JAMB Commerce 2023 Objective — Question 20
Question 20 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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Margin is a Percentage of profit on A.
- A. cost price.
- B. percentage of profit on cost of goods available for sale.
- C. percentage of profit on selling price.Correct
- D. percentage of profit on stock value.
Explanation
Margin is the percentage of profit on the selling price of a product.
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