Post Utme Joseph Ayo Babalola University 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following income statement for the year ended December 31, 2022: Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Profit ₦150,000. What is the gross profit margin?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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