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if a firm has a turnover of N50 000 and the cos... - JAMB Commerce 2009 Question

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?
A
30.5%
B
20.5%
C
20.0%
D
10.0%
correct option: c
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