Post Utme Summit University 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

In a sole trade business, the owner's capital is ₦250,000. If the business generates a profit of ₦120,000, what is the owner's new capital?

Answer Options

A. ₦370,000
B. ₦350,000
C. ₦380,000
Correct Answer D. ₦360,000
Correct Answer
D
Correct Option:
₦360,000

About This Question

This is Post Utme Summit University 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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