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:The national income of a country indicates that the…A fixed asset was bought for N60,000 on 1st January,…A trader paid N15,000 on rent for 15 months but…A club received rent N10,000 and donation N30,000.…The cost of goods sold at N32,000. The gross profit…