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: |Published on: Dec 14|Categories: 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:

SEE ALSO  Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a?

Copyright warnings! Do not copy.