If the turnover of as business is N16,000 and the cost of goods N12,000, what...
COMMERCE
WAEC 2003
If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?
- A. 75%
- B. 40%
- C. 33%
- D. 25%
Correct Answer: D. 25%
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