What is the Gross Profit on percentage of sale?

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 profit25,000

What is the Gross Profit on percentage of sale?

A

2.7%

B

0.27%

C

27.0%

D29.8%

Answer is C

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