Post Utme Uniport 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Uniport Accounting examination.

Post Utme Uniport 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIPORT • 2023 • ACCOUNTING • objective

A trader purchases goods on credit for ₦1,500. He sells the goods for ₦2,800 and incurs a carriage inwards of ₦0.50 and carriage outwards of ₦0.25. Calculate the profit made by the trader.

Answer Options

A. ₦1,000
B. ₦1,050
Correct Answer C. ₦1,100
D. ₦1,150
Correct Answer
C
Correct Option:
₦1,100

About This Question

This is Post Utme Uniport 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Uniport Accounting examination.

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