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Use the following information to answer the given questio...

Use the following information to answer the given questions


NDebtors30,000Creditor20,000Opening stock15,000Closing stock18,000Wages3,000Salaries10,000Purchases30,000Sales60,000


The gross profit percentage is

A.

67%

B.

55%

C.

50%

D.

45%

E.

33%

Correct answer is C

No explanation has been provided for this answer.