Post Utme Unilag 2023 Commerce Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Unilag Commerce examination.

Post Utme Unilag 2023 Commerce Objective / Multiple Choice
Question 19 POST_UTME_UNILAG • 2023 • COMMERCE • objective

A sole trader operates a business with an annual turnover of ₦5,000,000. If the sole trader's profit is 20% of the turnover, what is the sole trader's profit?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦500,000
C. ₦750,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Unilag 2023 Commerce Question 19. It is one of the objective questions from the 2023 Post Utme Unilag Commerce examination.

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