Post Utme Bsu 2025 Accounting Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Bsu Accounting examination.

Post Utme Bsu 2025 Accounting Objective / Multiple Choice
Question 35 POST_UTME_BSU • 2025 • ACCOUNTING • objective

A company's income statement for the year ended 31st December 2024 is as follows: Sales: ₦2,500,000 ₦1,800,000 ₦1,200,000 ₦900,000 ₦600,000 Cost of Goods Sold: ₦1,800,000 ₦1,200,000 ₦900,000 ₦600,000 Gross Profit: ₦700,000 ₦600,000 ₦400,000 ₦300,000 Calculate the company's gross profit margin.

Answer Options

A. 35%
Correct Answer B. 40%
C. 45%
D. 50%
Correct Answer
B
Correct Option:
40%

About This Question

This is Post Utme Bsu 2025 Accounting Question 35. It is one of the objective questions from the 2025 Post Utme Bsu Accounting examination.

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