Post Utme Veritas University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_VERITAS_UNIVERSITY • 2018 • ACCOUNTING • objective

A trader purchases goods worth ₦ 50,000 on credit. He sells the goods for ₦ 75,000 and returns ₦ 10,000 to the customer. Calculate the profit made by the trader.

Answer Options

A. ₦ 15,000
B. ₦ 20,000
Correct Answer C. ₦ 25,000
D. ₦ 30,000
Correct Answer
C
Correct Option:
₦ 25,000

About This Question

This is Post Utme Veritas University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Veritas University Accounting examination.

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