Post Utme Christopher University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The company's cost of goods sold is ₦500,000, and its sales revenue is ₦700,000. What is the company's gross profit margin?

Answer Options

A. 25%
Correct Answer B. 30%
C. 35%
D. 40%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Christopher University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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