Post Utme Bsu 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A manufacturing company has the following data for the year ended December 31, 2022: Cost of Goods Sold = ₦1,500,000; Gross Profit = ₦750,000; Sales = ₦2,250,000. Calculate the Gross Profit Ratio.

Answer Options

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

About This Question

This is Post Utme Bsu 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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