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A firm reported revenues of $1,200.00 in 2020 and $1,500.00 in 2021. The firm reported gross profit of $210 in 2020 and $240 in 2021.
A firm reported revenues of $1,200.00 in 2020 and $1,500.00 in 2021. The firm reported gross profit of $210 in 2020 and $240 in 2021. The annual growth rate from 2020 to 2021 for gross profit was
a. 14.3%
b. 12.5%
c. 20%
d. 25%
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