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WAEC Accounting 2022 Objective — Question 15

Question 15 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.

The margin would be

A. 2/3
B. 1/3
C. 1/2
D. 2/5Correct

Explanation

Margin = Gross profit ÷ Sales = 8,000 ÷ 20,000 = 2/5.

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