Post Utme Al Hikmah University 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's income statement shows the following: Sales ₦500,000, Cost of Goods Sold ₦300,000, Gross Profit ₦200,000, Operating Expenses ₦100,000, and Net Income ₦100,000. What is the operating profit margin percentage?

Answer Options

A. 20%
B. 30%
Correct Answer C. 40%
D. 50%
Correct Answer
C
Correct Option:
40%

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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