Post Utme Crawford University 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's income statement for the year shows the following: Sales ₦1,500,000, Cost of Goods Sold ₦900,000, and Net Income ₦300,000. What is the company's gross profit margin?

Answer Options

A. 30%
Correct Answer B. 40%
C. 50%
D. 60%
Correct Answer
B
Correct Option:
40%

About This Question

This is Post Utme Crawford University 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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