Post Utme Igbinedion University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice

Question 37 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A trader purchases goods for ₦120,000 and sells them for ₦180,000. Calculate the gross profit and the gross profit percentage.

Answer Options

Correct Answer A. ₦60,000, 50%

B. ₦60,000, 60%

C. ₦60,000, 40%

D. ₦60,000, 70%

Correct Answer

Correct Option:

₦60,000, 50%

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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