Question

52) If the gross profit ratio for the year
2018, 2019, and 2020 is 10%, 15%, and
25% respectively, then the average gross
profit ratio will be
*
O a) 30%
O b) 25%
O c) 20%
O d) None of the above​

Answer 1

Answer:

25% I. e. 10+15+25=50/2=25%