Post Utme Veritas University 2018 Commerce Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2018 Commerce Objective / Multiple Choice
Question 39 POST_UTME_VERITAS_UNIVERSITY • 2018 • COMMERCE • objective

A firm's total revenue is ₦2,000,000, and its total cost is ₦1,500,000. If the firm's profit is ₦500,000, what is the firm's gross profit?

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Veritas University 2018 Commerce Question 39. It is one of the objective questions from the 2018 Post Utme Veritas University Commerce examination.

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