Post Utme Bells University 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following income statement: Sales: ₦2,500,000 Cost of Goods Sold: ₦1,800,000 Gross Profit: ₦700,000 Operating Expenses: ₦300,000 Net Income: ₦400,000 What is the company's gross profit margin?

Answer Options

Correct Answer A. 28%
B. 30%
C. 32%
D. 35%
Correct Answer
A
Correct Option:
28%

About This Question

This is Post Utme Bells University 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support