Neco 2024 Commerce Question 15
Practice objective / multiple choice question 15 from the 2024 Neco Commerce examination.
A small business records a gross revenue of \(500000\) naira. Operating expenses amount to 40% of gross revenue. Interest expense is \(20000\) naira. The tax rate is 15% on profit before tax. Calculate the net profit.
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About This Question
This is Neco 2024 Commerce Question 15. It is one of the objective questions from the 2024 Neco Commerce examination.
Difficulty level: Easy .
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