Post Utme Lautech 2019 Accounting Question 18
Practice objective / multiple choice question 18 from the 2019 Post Utme Lautech Accounting examination.
A company's profit and loss account for the year ended 31st December 2019 is as follows: ₦ Turnover: ₦500,000 Cost of Goods Sold: ₦300,000 Gross Profit: ₦200,000 Operating Expenses: ₦100,000 Profit Before Tax: ₦100,000 Tax: ₦20,000 Profit After Tax: ₦80,000 What is the company's gross profit percentage?
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About This Question
This is Post Utme Lautech 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.
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