Post Utme Igbinedion University 2019 Commerce Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2019 Commerce Objective / Multiple Choice
Question 38 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • COMMERCE • objective

A company's sales revenue is ₦1,500,000, and its cost of goods sold is ₦900,000. What is the gross profit margin?

Answer Options

A. 40%
Correct Answer B. 50%
C. 60%
D. 70%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Igbinedion University 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Igbinedion University Commerce examination.

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