BECE Business Studies 2025 Objective — Question 48
Question 48 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2025 Objective paper, with the correct answer and a full explanation.
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(Opening stock 10,000; Closing stock 13,000; Purchases 20,000; Sales 27,000; Salaries 4,000; Discount received 1,000) What is the gross profit of the business?
- A. ₦13,000
- B. ₦12,000
- C. ₦10,000Correct
- D. ₦8,000
Explanation
COGS = 10,000+20,000−13,000 = 17,000; GP = 27,000−17,000 = 10,000.
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