Use the information below to answer the question that follows:
Sales ₦20,000
Cost sales ₦10,000
Operating expenses ₦2,500
Expenses prepaid included in operating expenses ₦500
What is the gross profit margin?
Options
A) ₦100%
B) ₦50% >>>>>>>>>>
C) ₦40%
D) ₦30%
The correct answer is B.
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