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BECE Business Studies 2022 Objective — Question 54

Question 54 of 119 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.

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What is the gross profit?

  • A. ₦36,000
  • B. ₦28,000
  • C. ₦26,000Correct
  • D. ₦23,000
  • E. ₦20,000

Explanation

Gross profit = sales - cost of goods sold = 100,000 - 74,000 = 26,000.

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