Post Utme Madonna University 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MADONNA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2022, show the following: Revenue ₦1,500,000, Cost of Goods Sold ₦900,000, and Net Income ₦300,000. What is the company's gross profit margin?

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 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Madonna University Accounting examination.

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