Post Utme Joseph Ayo Babalola University 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following income statement: Revenue 1,000,000, Cost of Goods Sold 600,000, Gross Profit 400,000, Operating Expenses 200,000, Net Income 200,000. What is the gross margin percentage?

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 Joseph Ayo Babalola University 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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