If the gross profit margin is 10% of sales, what is the value of the
FINANCIAL
JAMB 2009
If the gross profit margin is 10% of sales, what is the value of the cost of goods sold?
- A. N10,000
- B. N90,000
- C. N105,600
- D. N110,000
Correct Answer: B. N90,000
Explanation
10/100
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