Post Utme Nile University 2017 Commerce Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Nile University 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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