Post Utme Rhema University 2022 Commerce Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2022 Commerce Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader has a business income of ₦2,000,000 and a business expense of ₦1,500,000. What is the sole trader's business profit?

Answer Options

Correct Answer A. ₦500,000
B. ₦1,000,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Rhema University 2022 Commerce Question 38. It is one of the objective questions from the 2022 Post Utme Rhema University Commerce examination.

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