Post Utme Unn 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st Dec 2019 is as follows: | Particulars | ₦ | ₦ | | --- | --- | --- | | Sales | | 200,000 | | Cost of Goods Sold | | 120,000 | | Gross Profit | | 80,000 | | Operating Expenses | | 20,000 | | Net Profit | | 60,000 | What is the gross profit percentage?

Answer Options

A. 40%
Correct Answer B. 50%
C. 60%
D. 80%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Unn 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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