Post Utme Greenfield University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cost of goods sold is 60% of its total sales.

Answer Options

Correct Answer A. Gross Profit = 40% of Sales
B. Gross Profit = 30% of Sales
C. Gross Profit = 20% of Sales
D. Gross Profit = 10% of Sales
Correct Answer
A
Correct Option:
Gross Profit = 40% of Sales

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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