Free account: track your progress — Sign up free

NECO Commerce 2025 Objective — Question 15

Question 15 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.

The gross profit is

A. #10,000
B. #20,000Correct
C. #50,000
D. #70,000

Explanation

Gross profit = Sales - Cost of goods sold = 90,000 - 70,000 = #20,000.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2025 Objective More Commerce past papers