Post Utme Bowen University 2017 Accounting Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2017 Accounting Objective / Multiple Choice
Question 25 POST_UTME_BOWEN_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Profit ₦200,000. What is the company's gross profit margin?

Answer Options

A. 30%
B. 40%
Correct Answer C. 50%
D. 60%
Correct Answer
C
Correct Option:
50%

About This Question

This is Post Utme Bowen University 2017 Accounting Question 25. It is one of the objective questions from the 2017 Post Utme Bowen University Accounting examination.

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