A consumer products company reported a 25 percent increase in sales from 2016 to 2017. Sales in
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A consumer products company reported a 25 percent increase in sales from 2016 to 2017. Sales in 2016 were $200,000. In 2017, the company reported Cost of Goods Sold in the amount of $150,000. What was the gross profit percentage in 2017? Round to one decimal place.
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-1259269868
5th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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