Post Utme Igbinedion University 2020 Accounting Question 5
Practice objective / multiple choice question 5 from the 2020 Post Utme Igbinedion University Accounting examination.
A company's profit and loss account for the year ended 31st December 2020 is as follows: | Particulars | ₦ | ₦ | | --- | --- | --- | | Sales | 500,000 | | | Cost of Goods Sold | 300,000 | | | Gross Profit | 200,000 | | | Operating Expenses | 100,000 | | | Net Profit | 100,000 | | What is the gross profit percentage?
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This is Post Utme Igbinedion University 2020 Accounting Question 5. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.
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