Post Utme Covenant University 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2019 Commerce Objective / Multiple Choice
Question 11 POST_UTME_COVENANT_UNIVERSITY • 2019 • COMMERCE • objective

A company's sole trader is considering expanding its operations to a new market. The company's current profit is ₦1,500,000, and it expects to increase its profit by 20% in the new market. However, the company will also incur additional costs of ₦300,000. What is the expected profit of the company in the new market?

Answer Options

A. ₦1,800,000
B. ₦1,900,000
Correct Answer C. ₦2,100,000
D. ₦2,200,000
Correct Answer
C
Correct Option:
₦2,100,000

About This Question

This is Post Utme Covenant University 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Covenant University Commerce examination.

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