Post Utme Rsu 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Rsu Accounting examination.

Post Utme Rsu 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2021 • ACCOUNTING • objective

A company prepares its final accounts for the year ended 31st December 2020. The company's trading account shows a gross profit of ₦2,500,000 and a net profit of ₦1,800,000. Calculate the company's profit margin.

Answer Options

Correct Answer A. 45%
B. 50%
C. 55%
D. 60%
Correct Answer
A
Correct Option:
45%

About This Question

This is Post Utme Rsu 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Rsu 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