Post Utme Afe Babalola University 2020 Accounting Question 26
Practice objective / multiple choice question 26 from the 2020 Post Utme Afe Babalola University Accounting examination.
A company has a profit and loss account as follows: Sales ₦1,000,000, Cost of Goods Sold ₦600,000, Gross Profit ₦400,000, Operating Expenses ₦100,000, Net Profit ₦300,000. What is the gross profit margin?
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This is Post Utme Afe Babalola University 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.
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