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
- 1/2
-
1/5
- 2/5
- 2/3
The correct answer is: B
Explanation
Margin = Profit/Selling Price x 100
= 4,000/20,000 x 100
= 20%
= 20/100
= 1/5