Post Utme Caleb University 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_CALEB_UNIVERSITY • 2023 • COMMERCE • objective

A company's sole trader has a business income of ₦2,500,000 and expenses of ₦1,800,000. What is the profit before tax?

Answer Options

Correct Answer A. ₦700,000
B. ₦1,200,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Caleb University 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Caleb University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support