If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales? - SchoolNGR

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If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the ...

If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?

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A 23.3%
B 33.3%
C 50.0%
D 66.6%

Correct Answer: Option B

Explanation:

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