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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?
  • A. 75%
  • B. 40%
  • C. 33%
  • D. 25%
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now