Post Utme Mountain Top University 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ACCOUNTING • objective

A manufacturing company produces 1000 units of a product. The cost of raw materials is ₦50 per unit, and the labor cost is ₦30 per unit. If the selling price is ₦120 per unit, what is the gross profit?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Mountain Top University 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Mountain Top University Accounting examination.

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