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If the rate of Gross Profit is 25% on Cost of Goods Sold, hence it is _____ on sales.  (A) 20%  (B) 25%  (C) 30%  (D) More than one of the above 

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If the rate of Gross Profit is 25% on Cost of Goods Sold, hence it is _____ on sales. 

(A) 20% 

(B) 25% 

(C) 30% 

(D) More than one of the above 

(E) None of the above

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1 Answer

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Correct option is (A) 20% 

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