If a firm's turnover is N15,000 and the cost of goods sold is N 10,000...
COMMERCE
JAMB 1998
If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?
- A. 23.3%
- B. 33.3%
- C. 50.0%
- D. 66.6%
Correct Answer: B. 33.3%
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