If a firm's turnover is N15,000 and the cost of goods sold is N10,000, what...

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If a firm's turnover is N15,000 and the cost of goods sold is N10,000, what is the percentage of gross profit on sales?

  • A) 23.3%
  • B) 33.3%
  • C) 50.0%
  • D) 66.5%

Correct Answer: B) 33.3%

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