Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

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JAMB 2014 - Question 30

Commerce 2014 JAMB Past Questions - Question 30: The net profit is the excess of gross profit and sources of income over all the expenses. This implies that net profit is

Choose the most appropriate option for the gap .

The net profit is the excess of gross profit and sources of income over all the expenses. This implies that net profit is

A: the difference between gross profit and trade expenses

B: the difference between gross profit and net sales

C: sales less cost of sales including sales returns

D: opening stock add purchases less closing stock

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Commerce 2014 JAMB Past Questions - Question 30: The net profit is the excess of gross profit and sources of income over all the expenses. This implies that net profit is

Examkit's JAMB CBT App

Correct Answer

Explanation