Post Utme Bells University 2018 Commerce Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Bells University Commerce examination.

Post Utme Bells University 2018 Commerce Objective / Multiple Choice
Question 20 POST_UTME_BELLS_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader has a business that sells goods worth ₦750,000. If the trader's profit margin is 20% and the business has a tax rate of 15%, what is the trader's net profit?

Answer Options

A. ₦90,000
B. ₦92,500
Correct Answer C. ₦95,000
D. ₦97,500
Correct Answer
C
Correct Option:
₦95,000

About This Question

This is Post Utme Bells University 2018 Commerce Question 20. It is one of the objective questions from the 2018 Post Utme Bells University Commerce examination.

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