Post Utme Veritas University 2022 Accounting Question 5
Practice objective / multiple choice question 5 from the 2022 Post Utme Veritas University Accounting examination.
A company's profit and loss account shows the following: | Particulars | ₦ | Particulars | ₦ | | --- | --- | --- | --- | | Sales | 100,000 | Cost of Goods Sold | 80,000 | | | | Gross Profit | 20,000 | | | | Operating Expenses | 10,000 | | | | Net Profit | 10,000 | What is the gross profit percentage?
Answer Options
About This Question
This is Post Utme Veritas University 2022 Accounting Question 5. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.