Post Utme Covenant University 2017 Accounting Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 5 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's income statement shows the following balances: Sales Revenue ₦1,000,000, Cost of Goods Sold ₦500,000, and Net Income ₦200,000. Determine the correct 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 Covenant University 2017 Accounting Question 5. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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