Post Utme Rsu 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Rsu Accounting examination.

Post Utme Rsu 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_RSU • 2018 • ACCOUNTING • objective

A company's income statement shows the following: Sales ₦ 100,000, Cost of Goods Sold ₦ 60,000, and Net Income ₦ 20,000. Calculate the company's gross profit margin.

Answer Options

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

About This Question

This is Post Utme Rsu 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Rsu Accounting examination.

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