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:A fixed asset was bought for N60,000 on 1st January,…If a firm has a turnover of N50 000 and the cost of…XYZ Ltd's total sales was #100,000. It had opening…XYZ Ltd's total sales was #100,000. It had opening…If the gross profit margin is 10% of sales; what is…