Post Utme Madonna University 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 31 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trading account for the year ended 31st Dec is as follows: | Particulars | ₦ | Particulars | ₦ | | --- | --- | --- | --- | | Sales | 100,000 | Cost of Goods Sold | 80,000 | | Purchases | 70,000 | Gross Profit | 20,000 | What is the gross profit percentage?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Madonna University 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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