Post Utme Bowen University 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's profit and loss account shows a net profit of ₦150,000. If the company's turnover is ₦1,500,000 and its gross profit is ₦600,000, what is the company's gross profit percentage?

Answer Options

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

About This Question

This is Post Utme Bowen University 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

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