Post Utme Abu 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A trader purchases goods worth ₦120,000 and sells them at a profit of 25%. Calculate the selling price and the profit made.

Answer Options

Correct Answer A. ₦150,000, ₦30,000
B. ₦144,000, ₦24,000
C. ₦160,000, ₦40,000
D. ₦168,000, ₦48,000
Correct Answer
A
Correct Option:
₦150,000, ₦30,000

About This Question

This is Post Utme Abu 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

View More Post Utme Abu 2023 Accounting Questions More Post Utme Abu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support