Post Utme Osustech 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Osustech Accounting examination.

Post Utme Osustech 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_OSUSTECH • 2019 • ACCOUNTING • objective

A company's financial statements show the following information: Net Sales ₦100,000, Cost of Goods Sold ₦60,000, Gross Profit ₦40,000, Operating Expenses ₦20,000, Net Income ₦20,000. What is the company's gross profit margin?

Answer Options

Correct Answer A. 40%
B. 50%
C. 60%
D. 70%
Correct Answer
A
Correct Option:
40%

About This Question

This is Post Utme Osustech 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Osustech Accounting examination.

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