Post Utme Osustech 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A manufacturing company produces two products, X and Y, which are sold for ₦500 and ₦600 respectively. The company's total sales revenue for the year is ₦15,000,000. If the company's cost of goods sold for product X is ₦2,000,000 and for product Y is ₦1,800,000, calculate the gross profit for the year.

Answer Options

A. ₦6,000,000
Correct Answer B. ₦8,000,000
C. ₦10,000,000
D. ₦12,000,000
Correct Answer
B
Correct Option:
₦8,000,000

About This Question

This is Post Utme Osustech 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

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