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Commerce · Financing a business

CommerceFinancing a businessWAEC

A trader's capital is ₦500,000, and he earns a net profit of ₦75,000. His return on capital is

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Answer: D. 15%

75,000 ÷ 500,000 × 100 = 15%.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

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