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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Related Book For
Financial Accounting
ISBN: 9780077328702
15th Edition
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
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