Post Utme Futo 2023 Accounting Question 10
Practice objective / multiple choice question 10 from the 2023 Post Utme Futo Accounting examination.
A company's income statement for the year ended December 31, 2022, showed the following: Sales: ₦2,000,000; Cost of goods sold: ₦1,200,000; Gross profit: ₦800,000; Operating expenses: ₦200,000; Net income: ₦600,000. What is the gross profit margin?
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About This Question
This is Post Utme Futo 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Futo Accounting examination.
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