Post Utme Bsu 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company uses the perpetual inventory system to record its inventory transactions. The company's inventory has a cost of ₦20,000 and a selling price of ₦30,000. What is the gross profit margin for the company?

Answer Options

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

About This Question

This is Post Utme Bsu 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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