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JAMB Accounting 2018 Objective — Question 36

Question 36 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

What is the gross profit margin?

A. 100%
B. 50%Correct
C. 40%
D. 30%

Explanation

Gross profit margin = Gross profit/Sales = 10,000/20,000 = 50%.

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