Post Utme Wellspring University 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader has a business income of ₦1,000,000 and expenses of ₦800,000. What is the profit before tax?

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Wellspring University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Wellspring University Commerce examination.

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