Post Utme Bells University 2018 Commerce Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Bells University Commerce examination.

Post Utme Bells University 2018 Commerce Objective / Multiple Choice
Question 17 POST_UTME_BELLS_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader has a business that sells goods worth ₦500,000. If the trader's profit margin is 25% and the business has a tax rate of 10%, what is the trader's net profit?

Answer Options

A. ₦62,500
B. ₦65,000
Correct Answer C. ₦67,500
D. ₦70,000
Correct Answer
C
Correct Option:
₦67,500

About This Question

This is Post Utme Bells University 2018 Commerce Question 17. It is one of the objective questions from the 2018 Post Utme Bells University Commerce examination.

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