Post Utme Covenant University 2018 Accounting Question 31
Practice objective / multiple choice question 31 from the 2018 Post Utme Covenant University Accounting examination.
A company's profit and loss account for the year ended December 31, 2022, shows the following: 'Sales 100,000, Cost of Goods Sold 60,000, Gross Profit 40,000, Operating Expenses 10,000, Net Profit 30,000'. What is the company's gross profit percentage?
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About This Question
This is Post Utme Covenant University 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.
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