If the turnover of as business is N16,000 and the cost of goods N12,000, what…

Commerce WAEC 2003

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?

  • 75%
  • 40%
  • 33%
  • 25% checkmark

The correct answer is: D

Explanation

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