Post Utme Pan Atlantic University 2020 Commerce Question 42

Practice objective / multiple choice question 42 from the 2020 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2020 Commerce Objective / Multiple Choice
Question 42 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • COMMERCE • objective

A company has a sales revenue of ₦100 million and a cost of goods sold of ₦60 million. If the company's gross profit margin is 30%, what is its net income?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2020 Commerce Question 42. It is one of the objective questions from the 2020 Post Utme Pan Atlantic 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.

Unlock Full Access Available for Android & Windows
Chat with Support