Post Utme Abu 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales 100,000, Cost of Goods Sold 60,000, Gross Profit 40,000. What is the gross profit percentage?

Answer Options

A. 25%
B. 30%
Correct Answer C. 40%
D. 50%
Correct Answer
C
Correct Option:
40%

About This Question

This is Post Utme Abu 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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