BECE Business Studies 2023 Objective — Question 38
Question 38 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2023 Objective paper, with the correct answer and a full explanation.
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The gross profit of a business is calculated as ______.
- A. opening stock + total purchases
- B. total expenses - total income
- C. total expenses + total income
- D. total purchases - closing stock
- E. total sales - cost of goods soldCorrect
Explanation
Gross profit = sales - cost of goods sold.
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