JAMB Commerce 1999 Question 9

An abridged version of a company's income statement for 1993 contains the following information:
(₦m)
Turnover 286.5
Cost of goods sold 147.5
Overhead and other expenses 85.5
Taxes due for the year 26.9
What was the company's profit before tax for 1993?

1. A.₦26.9 million.
2. B.₦53.5 million.
3. C.₦139.2 million.
4. D.₦286.5 million.