Post Utme Summit University 2025 Commerce Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Summit University Commerce examination.

Post Utme Summit University 2025 Commerce Objective / Multiple Choice
Question 34 POST_UTME_SUMMIT_UNIVERSITY • 2025 • COMMERCE • objective

A company's revenue is ₦1,000,000, and its cost of goods sold is ₦600,000. If the company's tax rate is 25%, what is the net income?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Summit University 2025 Commerce Question 34. It is one of the objective questions from the 2025 Post Utme Summit University Commerce examination.

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