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BECE Business Studies 2023 Objective — Question 50

Question 50 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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Calculate the gross profit.

  • A. ₦58,000
  • B. ₦80,000Correct
  • C. ₦140,000
  • D. ₦160,000
  • E. ₦240,000

Explanation

Gross profit = sales - purchases = 240,000 - 160,000 = ₦80,000.

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