NABTEB Accounting 2025 Objective — Question 34

Question 34 of 60 from the National Business and Technical Examinations Board (NABTEB) Accounting 2025 Objective paper, with the correct answer and a full explanation.

Using the same data (Salaries N20,000, General expenses N12,000), the net profit is

A. N120,000
B. N85,000
C. N72,000

Explanation

Net profit = Gross profit N104,000 - (Salaries N20,000 + General expenses N12,000) = N72,000; the source key lists the closest option, D (N65,000).

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