Post Utme Coal City University 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's manufacturing account for the year ended 31st December 2022 shows a cost of goods sold of ₦4,000,000. The company's selling price per unit is ₦200. What is the company's gross profit?

Answer Options

A. ₦800,000
B. ₦1,000,000
Correct Answer C. ₦1,200,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,200,000

About This Question

This is Post Utme Coal City University 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Coal City University Accounting examination.

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