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Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,331.) (Round answers to 1 decimal place, e.g. 15.5%.) Profit margin enter
Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,331.) (Round answers to 1 decimal place, e.g. 15.5%.)
Profit margin | enter percentages rounded to 1 decimal place | % | |
---|---|---|---|
Gross profit rate | enter percentages rounded to 1 decimal place | % |
SANDHILL HARDWARE STORE Income Statement (Partial) For the Month Ended May 31, 2022 Sales Sales Revenue $ 12280.00 Less Sales Returns and Allowances $ 118.00 i Sales Discounts 110.00 i 228 i Net Sales 120 .00 Cost of Goods Sold 9196.00 i Gross Profit $ $ 2856.00 List of Accounts
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