if a firm has a turnover of N50 000 and the cost of goods sold…

Commerce JAMB 2009

if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?

  • 30.5%
  • 20.5%
  • 20.0% checkmark
  • 10.0%

The correct answer is: C

Explanation

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