Post Utme Eksu 2024 Commerce Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Eksu Commerce examination.

Post Utme Eksu 2024 Commerce Objective / Multiple Choice
Question 7 POST_UTME_EKSU • 2024 • COMMERCE • objective

A company's financial statements show that its revenue has increased by 15% and its cost of goods sold has increased by 10%. What is the new gross profit margin?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Eksu 2024 Commerce Question 7. It is one of the objective questions from the 2024 Post Utme Eksu Commerce examination.

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