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 | Dec 14 | Commerce JAMB | 0 comments

A. 30.5%
B. 20.5%
C. 20.0%
D. 10.0%

Correct Answer:

Option C – 20.0%

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