Post Utme Al Hikmah University 2017 Commerce Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2017 Commerce Objective / Multiple Choice
Question 25 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • COMMERCE • objective

A business has a 'Gross Profit Ratio' of 25% and a 'Net Profit Ratio' of 15%. If the 'Gross Profit' is ₦50,000, what is the 'Net Profit'?

Answer Options

A. ₦7,500
Correct Answer B. ₦10,000
C. ₦12,500
D. ₦15,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Al Hikmah University 2017 Commerce Question 25. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Commerce examination.

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