Tony Simms trading account shows net sales of 40,850 and a gross profit of 20,620. You are

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Tony Simms’ trading account shows net sales of £40,850 and a gross profit of £20,620.

You are required to enter a correct formula and calculate his gross profit ratio.

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Mastering Accounting Skills

ISBN: 9781403992703

3rd Edition

Authors: Margaret Nicholson

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Question Posted: Jun 25, 2024 01:01 AM

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Tony Simms trading account shows net sales of 40,850 and a gross profit of 20,620. You are

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Mastering Accounting Skills

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