Post Utme Ksu 2017 Accounting Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Ksu Accounting examination.

Post Utme Ksu 2017 Accounting Objective / Multiple Choice
Question 37 POST_UTME_KSU • 2017 • ACCOUNTING • objective

A company's trading account for the year ended December 31, 2022, showed the following: Sales ¡ 10,000,000; Cost of Goods Sold ¡ 6,000,000; Gross Profit ¡ 4,000,000. Calculate the gross profit percentage.

Answer Options

A. 100%
Correct Answer B. 80%
C. 75%
D. 90%
Correct Answer
B
Correct Option:
80%

About This Question

This is Post Utme Ksu 2017 Accounting Question 37. It is one of the objective questions from the 2017 Post Utme Ksu Accounting examination.

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