Post Utme Unilag 2023 Commerce Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Unilag Commerce examination.

Post Utme Unilag 2023 Commerce Objective / Multiple Choice
Question 32 POST_UTME_UNILAG • 2023 • COMMERCE • objective

A firm's cost of goods sold is ₦1,500,000. If the firm's total revenue is ₦3,000,000, what is the gross profit margin?

Answer Options

A. 50%
Correct Answer B. 60%
C. 70%
D. 80%
Correct Answer
B
Correct Option:
60%

About This Question

This is Post Utme Unilag 2023 Commerce Question 32. It is one of the objective questions from the 2023 Post Utme Unilag Commerce examination.

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