Post Utme Summit University 2025 Commerce Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Summit University Commerce examination.

Post Utme Summit University 2025 Commerce Objective / Multiple Choice
Question 8 POST_UTME_SUMMIT_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader has a business income of ₦1.5 million and a business expense of ₦750,000. What is the sole trader's business profit?

Answer Options

A. ₦750,000
B. ₦1 million
Correct Answer C. ₦1.25 million
D. ₦1.5 million
Correct Answer
C
Correct Option:
₦1.25 million

About This Question

This is Post Utme Summit University 2025 Commerce Question 8. It is one of the objective questions from the 2025 Post Utme Summit University Commerce examination.

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