Question
DriverDriver Company had aa $ 22 comma 000$22,000 beginning inventory and aa $ 30 comma 000$30,000 ending inventory. Net sales were $ 165 comma 000$165,000;
What is DriverDriver's gross profit percentage (rounded to the nearest percentage)?
A. 53%
B. 47%
C. 13%
D. 18%.
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Get StartedRecommended Textbook for
Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
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