Post Utme Pan Atlantic University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2017 is as follows: Sales: ₦5,000,000 Purchases: ₦3,500,000 Cost of Goods Sold: ₦4,000,000 Gross Profit: ₦1,000,000 Calculate the gross profit percentage.

Answer Options

Correct Answer A. 20%
B. 25%
C. 30%
D. 35%
Correct Answer
A
Correct Option:
20%

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support