Post Utme Delsu 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Delsu Accounting examination.

Post Utme Delsu 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_DELSU • 2023 • ACCOUNTING • objective

A company's income statement for the year ended 31st December 2022 is as follows: ₦1,50,000 Revenue ₦80,000 Cost of Goods Sold ₦50,000 Operating Expenses ₦1,00,000 Profit ₦1,80,000 Total Expenses Determine the company's gross profit ratio.

Answer Options

Correct Answer A. 66.67%
B. 50%
C. 75%
D. 25%
Correct Answer
A
Correct Option:
66.67%

About This Question

This is Post Utme Delsu 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Delsu Accounting examination.

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