Post Utme Eksu 2018 General Studies Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Eksu General Studies examination.

Post Utme Eksu 2018 General Studies Objective / Multiple Choice
Question 25 POST_UTME_EKSU • 2018 • GENERAL STUDIES • objective

A company wants to calculate the profit made from selling 500 units of a product at ₦200 each. If the cost of producing each unit is ₦120, which of the following formulas should be used?

Answer Options

Correct Answer A. \text{Profit} = \text{Selling Price} \times \text{Number of Units} - \text{Cost of Production}
B. \text{Profit} = \text{Selling Price} \times \text{Number of Units}
C. \text{Profit} = \text{Cost of Production} \times \text{Number of Units}
D. \text{Profit} = \text{Selling Price} - \text{Cost of Production}
Correct Answer
A
Correct Option:
\text{Profit} = \text{Selling Price} \times \text{Number of Units} - \text{Cost of Production}

About This Question

This is Post Utme Eksu 2018 General Studies Question 25. It is one of the objective questions from the 2018 Post Utme Eksu General Studies examination.

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