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WAEC Commerce 2025 Objective — Question 15

Question 15 of 51 from the West African Examinations Council (WAEC) Commerce 2025 Objective paper, with the correct answer and a full explanation.

(See data above for Q14–16.) 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.

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