Post Utme Uniport 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Uniport Accounting examination.

Post Utme Uniport 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNIPORT • 2018 • ACCOUNTING • objective

A manufacturing company produces 1,000 units of a product. The cost of production is ₦50 per unit. The selling price is ₦75 per unit. Calculate the gross profit.

Answer Options

A. ₦25,000
Correct Answer B. ₦50,000
C. ₦75,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Uniport 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Uniport 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