If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales? by Sunday | Jun 1 | Commerce WAEC | 0 comments A. 75% B. 40% C. 33% D. 25% Correct Answer: Option D D. 25% Users Also Read These:XYZ Ltd's total sales was #100,000. It had opening…A trader paid N15,000 on rent for 15 months but…A fixed asset was bought for N60,000 on 1st January,…A trader paid N15,000 on rent for 15 months but…The rate of turnover of a company in a given year is…