Use the following information to answer this question The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8 What is the Gross Profit on percentage of sale?

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Use the following information to answer this question The following are the final ...

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Use the following information to answer this question
The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8

	â‚¦	â‚¦
Salesless: cost of goods sold		233,000170,000
		63,000
less: Overhead ExpensesAdmin expensesSelling expensesOther overhead expenses	16,80015,0006,200
Net profit		25,000

What is the Gross Profit on percentage of sale?

A. 2.7%
B. 0.27%
C. 27.0%
D. 29.8%

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• Accounts - Principles of Accounts

• Christian Religious Knowledge (CRK)

• Islamic Religious Knowledge (IRK)

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