Post Utme Lasu 2025 Accounting Question 10
Practice objective / multiple choice question 10 from the 2025 Post Utme Lasu Accounting examination.
A company's profit and loss account for the year ended 31st December, 2024, is as follows: Sales Revenue: ₦2,000,000; Cost of Goods Sold: ₦1,200,000; Gross Profit: ₦800,000; Operating Expenses: ₦400,000; Net Profit: ₦400,000. Calculate the company's gross profit margin.
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This is Post Utme Lasu 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Lasu Accounting examination.
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