Post Utme Covenant University 2022 Commerce Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2022 Commerce Objective / Multiple Choice
Question 8 POST_UTME_COVENANT_UNIVERSITY • 2022 • COMMERCE • objective

A company has a sole trader business. The company's profit is calculated as follows: Revenue - Cost of Goods Sold - Operating Expenses. If the company's revenue is ₦1,500,000, cost of goods sold is ₦800,000, and operating expenses are ₦200,000, what is the company's profit?

Answer Options

Correct Answer A. ₦500,000
B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Covenant University 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Covenant University Commerce examination.

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