Post Utme Nile University 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Nile University Commerce examination.

Post Utme Nile University 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_NILE_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader's business has a profit of ₦200,000. If the trader's tax rate is 20%, and the trader's personal income tax is ₦50,000, what is the trader's net profit?

Answer Options

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

About This Question

This is Post Utme Nile University 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Nile University Commerce examination.

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