Post Utme Nile University 2017 Commerce Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice
Question 15 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

A company's cost of goods sold (COGS) is ₦500,000. If the company's selling price is ₦1,000,000 and the company sells 1,000 units, what is the company's gross profit?

Answer Options

A. ₦250,000
B. ₦500,000
Correct Answer C. ₦750,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦750,000

About This Question

This is Post Utme Nile University 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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