Post Utme Igbinedion University 2023 Commerce Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2023 Commerce Objective / Multiple Choice
Question 33 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader operates a business with an annual turnover of ₦1,000,000. The sole trader's profit before tax is ₦200,000. The tax rate is 25%. What is the sole trader's profit after tax?

Answer Options

A. ₦150,000
Correct Answer B. ₦175,000
C. ₦200,000
D. ₦225,000
Correct Answer
B
Correct Option:
₦175,000

About This Question

This is Post Utme Igbinedion University 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Igbinedion University Commerce examination.

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