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 trader paid N15,000 on rent for 15 months but…A trader paid N15,000 on rent for 15 months but…Williams and Jacob are in partnership but there is…XYZ Ltd's total sales was #100,000. It had opening…The rate of turnover of a company in a given year is…