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, 19x8

	₦	₦
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

What is the Gross Profit on percentage of sale?

• A 2.7%
• B 0.27%
• C 27.0%
• D 29.8%