Post Utme Skyline University 2022 Commerce Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2022 Commerce Objective / Multiple Choice
Question 16 POST_UTME_SKYLINE_UNIVERSITY • 2022 • COMMERCE • objective

A company's sole trader has a business income of ₦1,500,000 and expenses of ₦800,000. What is the profit before tax?

Answer Options

Correct Answer A. ₦700,000
B. ₦600,000
C. ₦800,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Skyline University 2022 Commerce Question 16. It is one of the objective questions from the 2022 Post Utme Skyline 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