Post Utme Mountain Top University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A trader purchases goods worth ₦500,000 on credit. He sells the goods for ₦650,000 and incurs a discount of 5% on the sales. Calculate the gross profit made by the trader.

Answer Options

A. ₦75,000
Correct Answer B. ₦85,000
C. ₦95,000
D. ₦105,000
Correct Answer
B
Correct Option:
₦85,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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