Post Utme Afe Babalola University 2017 Accounting Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following financial statements: Revenue ₦100,000, Cost of Goods Sold ₦60,000, Gross Profit ₦40,000, Operating Expenses ₦20,000, Net Income ₦20,000. What is the gross margin percentage?

Answer Options

A. 40%
Correct Answer B. 50%
C. 60%
D. 70%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 15. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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