Post Utme Lasu 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company's trading account for the year ended December 31, 2022, showed the following: Sales ₦1,500,000, Cost of Goods Sold ₦0,800,000, Gross Profit ₦0,700,000. What is the gross profit percentage?

Answer Options

A. 12%
B. 13%
Correct Answer C. 14%
D. 15%
Correct Answer
C
Correct Option:
14%

About This Question

This is Post Utme Lasu 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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