What is the gross profit percentage a (13 54 ) b (14 61 ) c (32 58 ) d (21 67 ) Sales revenue $480,000 Cost of goods sold 300,000 Sales discounts 20,000 Sales returns and allowances 15,000 Operating expenses 85,000 Interest revenue 5,000...

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What is the gross profit percentage? a. (13.54 %) b. (14.61 %) c. (32.58 %) d. (21.67

Question:

What is the gross profit percentage?

a. $13.54 \%$

b. $14.61 \%$

c. $32.58 \%$

d. $21.67 \%$

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 05, 2024 01:06 AM

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What is the gross profit percentage? a. (13.54 %) b. (14.61 %) c. (32.58 %) d. (21.67

Question:

Sales revenue $480,000 Cost of goods sold 300,000 Sales discounts 20,000 Sales returns and allowances 15,000 Operating expenses 85,000 Interest revenue 5,000

Step by Step Answer:

Financial Accounting

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