Post Utme Uniport 2021 Accounting Question 24
Practice objective / multiple choice question 24 from the 2021 Post Utme Uniport Accounting examination.
A company's profit and loss account for the year ended 31 December 2020 is as follows: | Particulars | ₦ | | --- | --- | | Sales | 100,000 | | Cost of Goods Sold | 60,000 | | Gross Profit | 40,000 | | Operating Expenses | 20,000 | | Net Profit | 20,000 | What is the company's gross profit margin?
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About This Question
This is Post Utme Uniport 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.
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