Use the following information below to answer the question Ojo bought a bicycle for ₦20,000,...

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Use the following information below to answer the question
Ojo bought a bicycle for ₦20,000, and repaired it at a cost of ₦5,000. He then sold the bicycle for ₦30,000
What is the percentage of expenses over cost?

A. 25%
B. 17%
C. 33%
D. 50%

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Correct Answer: Option A

Explanation

% of expenses over cost =

500/20,000 x 100

= 25%

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Use the following information below to answer the question Ojo bought a bicycle for ₦20,000,...

Correct Answer: Option A

Explanation

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