Post Utme Madonna University 2025 Accounting Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2025 Accounting Objective / Multiple Choice
Question 35 POST_UTME_MADONNA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's income statement shows the following balances: Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Net Income ₦50,000. What is the gross profit?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Madonna University 2025 Accounting Question 35. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.

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