A consumer products company reported a 25 percent increase in sales from 2009 to 2010. Sales in

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A consumer products company reported a 25 percent increase in sales from 2009 to 2010. Sales in 2009 were \($200,000.\) In 2010, the company reported Cost of Goods Sold in the amount of \($150,000.\) What was the gross profit percentage in 2010? Round to one decimal place.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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