Post Utme Lautech 2023 Commerce Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Lautech Commerce examination.

Post Utme Lautech 2023 Commerce Objective / Multiple Choice
Question 7 POST_UTME_LAUTECH • 2023 • COMMERCE • objective

A sole trader has a business income of ₦500,000 and expenses of ₦300,000. What is the sole trader's profit?

Answer Options

Correct Answer A. ₦200,000
B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Lautech 2023 Commerce Question 7. It is one of the objective questions from the 2023 Post Utme Lautech Commerce examination.

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