Post Utme Nile University 2022 Commerce Question 25
Practice objective / multiple choice question 25 from the 2022 Post Utme Nile University Commerce examination.
A company has a sole trader business structure. The company's accountant has prepared a profit and loss account that shows the company's revenue and expenses for the year. The profit and loss account is as follows: Revenue: ₦200,000, Cost of Goods Sold: ₦150,000, Gross Profit: ₦50,000, Operating Expenses: ₦20,000, Net Profit: ₦30,000 What is the company's gross profit margin for the year?
Answer Options
About This Question
This is Post Utme Nile University 2022 Commerce Question 25. It is one of the objective questions from the 2022 Post Utme Nile University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.