Post Utme Christopher University 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice
Question 31 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

A company's sole trader has invested ₦500,000 in a new business venture. If the expected return on investment is 10% per annum, calculate the expected annual profit.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Christopher University 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

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