Post Utme Madonna University 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_MADONNA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, is as follows: Revenue 100,000 Cost of Goods Sold 50,000 Gross Profit 50,000 Operating Expenses 20,000 Net Income 30,000 Determine the company's gross profit margin.

Answer Options

Correct Answer A. 50%
B. 60%
C. 70%
D. 80%
Correct Answer
A
Correct Option:
50%

About This Question

This is Post Utme Madonna University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Madonna University Accounting examination.

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