Post Utme Elizade University 2024 Commerce Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2024 Commerce Objective / Multiple Choice
Question 13 POST_UTME_ELIZADE_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader has a business income of ₦1,000,000 and personal income of ₦500,000. The sole trader's business expenses are ₦200,000. What is the sole trader's profit?

Answer Options

A. ₦600,000
Correct Answer B. ₦700,000
C. ₦800,000
D. ₦900,000
Correct Answer
B
Correct Option:
₦700,000

About This Question

This is Post Utme Elizade University 2024 Commerce Question 13. It is one of the objective questions from the 2024 Post Utme Elizade University Commerce examination.

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