Waec Model Questions Vol1 2018 Financial Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2018 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 31 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • FINANCIAL_ACCOUNTING • objective

A trader purchased goods on credit for ₦150,000 and sold the goods for ₦210,000 cash in the same month. What is the gross profit earned?

Answer Options

Correct Answer A. 60000
B. 70000
C. 90000
D. 50000
Correct Answer
A
Correct Option:
60000

About This Question

This is Waec Model Questions Vol1 2018 Financial Accounting Question 31. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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