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:Ola presented his motor-cycle for sale to Musa at a…A limited company has an authorized capital of…The cost of goods sold at N32,000. The gross profit…If the country's GNP in the current year is N50…If the opening stock of Ali ltd is N40,000, cost of…