Post Utme Lautech 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

A trader purchases goods for ₦120,000 and sells them for ₦180,000. Calculate the gross profit.

Answer Options

A. ₦30,000
Correct Answer B. ₦60,000
C. ₦80,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Lautech 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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