If a firm has a turnover of N50 000 and the cost of goods sold is N40 000. What is the percentage of gross profit on sale? by Sunday | Dec 14 | Commerce JAMB | 0 comments A. 30.5% B. 20.5% C. 20.0% D. 10.0% Correct Answer: Option C – 20.0% Users Also Read These:A limited company has an authorized capital of…If the country's GNP in the current year is N50…XYZ Ltd's total sales was #100,000. It had opening…If the turnover of as business is N16,000 and the…Ola presented his motor-cycle for sale to Musa at a…