Post Utme Noun 2024 Commerce Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Noun Commerce examination.

Post Utme Noun 2024 Commerce Objective / Multiple Choice
Question 40 POST_UTME_NOUN • 2024 • COMMERCE • objective

A company's profit and loss account shows a net profit of ₦200,000. If the company's turnover is ₦1,500,000 and its gross profit is ₦800,000, what is the company's gross profit percentage?

Answer Options

Correct Answer A. 53.33%
B. 50%
C. 55%
D. 60%
Correct Answer
A
Correct Option:
53.33%

About This Question

This is Post Utme Noun 2024 Commerce Question 40. It is one of the objective questions from the 2024 Post Utme Noun Commerce examination.

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