Use the following information to answer questions below

A trader bought goods worth #16,000 and sold three-quarter of it for #20,000

The margin would be

  • A 1/2
  • B 1/5
  • C 2/5
  • D 2/3
waec 2022accounting

The correct answer is B. 1/5

Margin = Profit/Selling Price x 100

= 4,000/20,000 x 100

= 20%

= 20/100

= 1/5

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