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The accountant for Gizmo Traders provides you with the following information for the financial years ended 31 May 20.2; 31 May 20.3 and 31 May

The accountant for Gizmo Traders provides you with the following information for the financial years ended 31 May 20.2; 31 May 20.3 and 31 May 20.4:

20.4

20.3

20.2

Revenue

800 000

500 000

400 000

Cost of sales

(400 000)

(300 000)

Gross profit

400 000

200 000

100 000

The gross profit percentage on cost of sales for the year ended 31 May 20.4 is

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