Post Utme Ui 2022 Accounting Question 15
Practice objective / multiple choice question 15 from the 2022 Post Utme Ui Accounting examination.
A company's profit and loss account for the year ended 31st December 2022 is as follows: Sales: ₦1,000,000, Cost of Goods Sold: ₦600,000, Gross Profit: ₦400,000, Operating Expenses: ₦150,000, Net Profit: ₦250,000. Calculate the company's gross profit margin.
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About This Question
This is Post Utme Ui 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.
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