Post Utme Rhema University 2021 Accounting Question 32
Practice objective / multiple choice question 32 from the 2021 Post Utme Rhema University Accounting examination.
A firm's profit and loss account for the year ended 31st December 20X7 is as follows: \begin{tabular}{|l|r|r|} \hline \textbf{Particulars} & \textbf{\u00A3} & \textbf{\%} \\ \hline \textbf{Sales} & 500,000 & \\ \textbf{Cost of Goods Sold} & 300,000 & \\ \textbf{Gross Profit} & 200,000 & \\ \textbf{Expenses} & 120,000 & \\ \textbf{Net Profit} & 80,000 & \\ \hline \end{tabular} Calculate the gross profit percentage.
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This is Post Utme Rhema University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.
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