Question 36
Incomplete RecordsBosun bought goods worth ₦500 and sold it at a margin of 20% on selling price. For how much did he sell the goods?
- A.₦100
- B.₦125
- C.₦500
- D.₦600
- E.₦625
Show the answer and explanation
Answer: E (₦625)
Explanation
Cost is 80% of selling price: 500 ÷ 0.8 = ₦625.