Post Utme Joseph Ayo Babalola University 2025 Accounting Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 28 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 is as follows: Sales ₦1,500,000, Cost of Goods Sold ₥0,000,000, Gross Profit ₡1,500,000. Calculate the company's gross profit percentage.

Answer Options

A. 15%
B. 20%
Correct Answer C. 25%
D. 30%
Correct Answer
C
Correct Option:
25%

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 28. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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