Post Utme Futa 2019 Accounting Question 20
Practice objective / multiple choice question 20 from the 2019 Post Utme Futa Accounting examination.
A company's profit and loss account for the year ended 31st December 20X7 is as follows: Sales: ₦1,500,000; Purchases: ₦1,200,000; Gross Profit: ₦300,000; Operating Expenses: ₦150,000; Net Profit: ₦150,000. Calculate the gross profit percentage.
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About This Question
This is Post Utme Futa 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.
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