Post Utme Bells University 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A trader purchases goods on credit for ₦500,000. He sells the goods for ₦700,000 and incurs a bank charge of ₦20,000. Calculate the profit made by the trader.

Answer Options

Correct Answer A. ₦180,000
B. ₦200,000
C. ₦220,000
D. ₦240,000
Correct Answer
A
Correct Option:
₦180,000

About This Question

This is Post Utme Bells University 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

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