Post Utme Babcock University 2024 Commerce Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2024 Commerce Objective / Multiple Choice
Question 2 POST_UTME_BABCOCK_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader named Olamide sells goods worth ₦1,000,000 in a year. She spends ₦200,000 on rent and ₦150,000 on transportation. If she pays 25% tax on her profit, how much will she pay in taxes?

Answer Options

A. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Babcock University 2024 Commerce Question 2. It is one of the objective questions from the 2024 Post Utme Babcock University Commerce examination.

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