Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business B has 400,000 revenue and a mark-up of 33% of cost of sales. What would you expect its gross profit to be? 100,000 400,000

  1. Business B has 400,000 revenue and a mark-up of 33% of cost of sales. What would you expect its gross profit to be?
  1. 100,000
  2. 400,000
  3. 300,000
  4. None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Endangered Economies How The Neglect Of Nature Threatens Our Prosperity

Authors: Geoffrey Heal

1st Edition

0231180845, 9780231180849

More Books

Students also viewed these Accounting questions

Question

What is the general process for selecting expatriates?

Answered: 1 week ago