Post Utme Covenant University 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company manufactures and sells a product. The company's cost of goods sold is ₦1,200,000 and the selling price is ₦1,800,000. Calculate the company's gross profit margin.

Answer Options

Correct Answer A. 66.67%
B. 75%
C. 80%
D. 85%
Correct Answer
A
Correct Option:
66.67%

About This Question

This is Post Utme Covenant University 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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