If a firm’s turnover is N15,000 and the cost of goods sold is N 10,000…

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: Option B
Explanation
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