Post Utme Abu 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ABU • 2025 • ACCOUNTING • objective

A company's profit and loss account shows the following: | Revenue | ₦1,000,000 | | Cost of Goods Sold | ₦800,000 | | Gross Profit | ₦200,000 | | Operating Expenses | ₦150,000 | | Net Profit | ₦50,000 | What is the company's gross profit margin?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Abu 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Abu Accounting examination.

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