Post Utme Igbinedion University 2025 Accounting Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2025 Accounting Objective / Multiple Choice
Question 12 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ACCOUNTING • objective

A company prepares its trading account for the year. The company has a sales revenue of ₦500,000, a cost of goods sold of ₦350,000, and a gross profit of ₦150,000. What is the gross profit percentage?

Answer Options

A. 30%
B. 40%
Correct Answer C. 50%
D. 60%
Correct Answer
C
Correct Option:
50%

About This Question

This is Post Utme Igbinedion University 2025 Accounting Question 12. It is one of the objective questions from the 2025 Post Utme Igbinedion University Accounting examination.

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