Post Utme Uniport 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Uniport Accounting examination.

Post Utme Uniport 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNIPORT • 2023 • ACCOUNTING • objective

A company's trading 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 What is the company's gross profit percentage?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Uniport 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Uniport Accounting examination.

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