Post Utme Veritas University 2022 Commerce Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 22 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader has a business income of ₦1,500,000 and business expenses of ₦800,000. What is the sole trader's net profit?

Answer Options

Correct Answer A. ₦700,000
B. ₦1,000,000
C. ₦1,300,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Veritas University 2022 Commerce Question 22. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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