Post Utme Futa 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A trader purchases goods on credit for ₦150,000. He sells the goods for ₦200,000 and incurs a commission of ₦5,000. What is his profit?

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Futa 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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