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, 19×8
₦ | ₦ | |
Sales less: cost of goods sold | 233,000 170,000 | |
63,000 | ||
less: Overhead Expenses Admin expenses Selling expenses Other overhead expenses | 16,800 15,000 6,200 | |
Net profit | 25,000 |
Calculate the net profit on percentage of expenses.
A
60%
B
25%
C
13%
D65.7%
Answer is D