Post Utme Esut 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company's profit and loss account shows a net profit of ₦150,000. If the company's turnover is ₦500,000, what is the company's gross profit percentage?

Answer Options

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

About This Question

This is Post Utme Esut 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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