Post Utme Osustech 2022 Commerce Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Osustech Commerce examination.

Post Utme Osustech 2022 Commerce Objective / Multiple Choice
Question 29 POST_UTME_OSUSTECH • 2022 • COMMERCE • objective

A sole trader has a business income of ₦1,000,000 and a business expense of ₦800,000. If the sole trader wants to calculate their business profit, what would be the correct formula to use?

Answer Options

Correct Answer A. Profit = Business Income - Business Expense
B. Profit = Business Expense - Business Income
C. Profit = Business Income + Business Expense
D. Profit = Business Expense - Business Income + Business Income
Correct Answer
A
Correct Option:
Profit = Business Income - Business Expense

About This Question

This is Post Utme Osustech 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Osustech Commerce examination.

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