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

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

Answer Details

Margin = Profit/Selling Price x 100

= 4,000/20,000 x 100

= 20%

= 20/100

= 1/5