Post Utme Caleb University 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's profit and loss account for the year ended December 31, 20X8, shows the following: Trading Profit: ₦ 5,000,000; Non-Trading Income: ₦ 1,000,000. The company's total profit is ₦ 6,000,000. Calculate the company's profit margin.

Answer Options

A. 50%
Correct Answer B. 60%
C. 70%
D. 80%
Correct Answer
B
Correct Option:
60%

About This Question

This is Post Utme Caleb University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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