Post Utme Oau 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A trader purchases goods worth ₦100,000 and sells them for ₦120,000. What is the gross profit?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Oau 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

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