Post Utme Joseph Ayo Babalola University 2023 Commerce Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2023 Commerce Objective / Multiple Choice
Question 5 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A firm's cost of goods sold is ₦1,000,000, and its selling price is ₦1,500,000. What is the firm's gross profit margin?

Answer Options

A. 50%
B. 60%
Correct Answer C. 70%
D. 80%
Correct Answer
C
Correct Option:
70%

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Commerce Question 5. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support