Post Utme Unn 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Unn Accounting examination.

Post Utme Unn 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNN • 2023 • ACCOUNTING • objective

A company has the following transactions related to its sales department: Sales revenue: ₦100,000 Cost of goods sold: ₦60,000 Gross profit: ₦40,000 What is the gross profit margin?

Answer Options

Correct Answer A. 40%
B. 50%
C. 60%
D. 70%
Correct Answer
A
Correct Option:
40%

About This Question

This is Post Utme Unn 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Unn Accounting examination.

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