Post Utme Coal City University 2025 Commerce Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2025 Commerce Objective / Multiple Choice
Question 38 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • COMMERCE • objective

A firm's cost of goods sold is ₦1,200,000 and its selling price is ₦1,800,000. What is the firm's gross profit margin?

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 Coal City University 2025 Commerce Question 38. It is one of the objective questions from the 2025 Post Utme Coal City University Commerce examination.

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