Post Utme Lead City University 2024 Accounting Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following income statement: revenue (₦1,200,000), cost of goods sold (₦800,000), and net income (₦400,000). What is the gross profit margin?

Answer Options

Correct Answer A. 33%
B. 40%
C. 50%
D. 60%
Correct Answer
A
Correct Option:
33%

About This Question

This is Post Utme Lead City University 2024 Accounting Question 40. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support