Post Utme Crawford University 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2020 is as follows: 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 net profit margin?

Answer Options

A. 25%
Correct Answer B. 30%
C. 35%
D. 40%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Crawford University 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Crawford University Accounting examination.

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