NECO Accounting 2025 Objective — Question 33
Question 33 of 60 from the National Examinations Council (NECO) Accounting 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
Using the same data (Net sales N240,000), calculate the gross profit.
- A. N176,000
- B. N136,000
- C. N104,000Correct
Explanation
Gross profit = Net sales N240,000 - Cost of goods sold N136,000 = N104,000.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.