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? - SchoolNGR

Search SchoolNGR

if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the ...

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?

SchoolNGR Classroom

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A 30.5%
B 20.5%
C 20.0%
D 10.0%

Correct Answer: Option C

Explanation:

Prev Current Next

Study Subjects

Stay Updated

Follow us on: