Two of the lawn mowers sold by Garden Products Co. are the LawnMaster and the Mark 5.

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Two of the lawn mowers sold by Garden Products Co. are the LawnMaster and the Mark 5. LawnMasters sell for \$250 apiece, which results in a 35 percent gross profit margin. Each Mark 5 costs Garden Products \(\$ 300\) and sells for \(\$ 400\). Indicate all correct answers.

a. The dollar amount of gross profit is greater on the sale of a Mark 5 than a LawnMaster

b. The gross profit margin is higher on Mark 5s than on LawnMasters.

c. Garden profits relatively more by selling one Mark 5 than by selling one LawnMaster.

d. Garden profits more by selling \(\$ 2,000\) worth of Mark \(5 \mathrm{~s}\) than \(\$ 2,000\) worth of LawnMasters.

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Financial Accounting

ISBN: 9780077328702

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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