Post Utme Rhema University 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_RHEMA_UNIVERSITY • 2022 • COMMERCE • objective

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

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Rhema University 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Rhema 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