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|Published on: Jun 1|Categories: Commerce WAEC| 0 comments A. 75% B. 40% C. 33% D. 25% Correct Answer: Option D D. 25% Users Also Read These:Sales account was undercast by GH¢ 1000. When this…A trader adds 25% on cost as profit. The profit on…Sai Baba made sales of N10,000 having computed his…Derive the stock turnover period. (Average stock =…The gross profit on manufactured goods is the…SEE ALSO Which of the following ancillary service helps to maintain close contact between buyers and sellers?