Post Utme Aaua 2024 Commerce Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Aaua Commerce examination.

Post Utme Aaua 2024 Commerce Objective / Multiple Choice
Question 32 POST_UTME_AAUA • 2024 • COMMERCE • objective

A company's financial statements show that its revenue has increased by 15% while its cost of goods sold has decreased by 10%. What is the effect on the company's gross profit margin?

Answer Options

Correct Answer A. Increased by 5%
B. Decreased by 5%
C. Increased by 25%
D. Decreased by 25%
Correct Answer
A
Correct Option:
Increased by 5%

About This Question

This is Post Utme Aaua 2024 Commerce Question 32. It is one of the objective questions from the 2024 Post Utme Aaua Commerce examination.

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