Post Utme Nile University 2019 Commerce Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Nile University Commerce examination.

Post Utme Nile University 2019 Commerce Objective / Multiple Choice
Question 30 POST_UTME_NILE_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader operates a business with an annual turnover of ₦500,000. The business has a profit of ₦150,000. If the sole trader's drawings are ₦100,000, what is the business's net profit?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Nile University 2019 Commerce Question 30. It is one of the objective questions from the 2019 Post Utme Nile University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support