Post Utme Uniport 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Uniport Commerce examination.

Post Utme Uniport 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_UNIPORT • 2019 • COMMERCE • objective

A company's sole trader has a business that generates an average annual revenue of ₦12,000,000. If the sole trader's tax rate is 25%, and the company has a 10% profit margin, what is the sole trader's net profit after tax?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦2,400,000
C. ₦3,600,000
D. ₦4,800,000
Correct Answer
B
Correct Option:
₦2,400,000

About This Question

This is Post Utme Uniport 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Uniport 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