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Each of the following gross profit percentages is expressed in terms of cost. 1. 21%. 2. 26% 3. 35.00% 4. 53% Indicate the gross profit

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Each of the following gross profit percentages is expressed in terms of cost. 1. 21%. 2. 26% 3. 35.00% 4. 53% Indicate the gross profit percentage in terms of sales for each of the above. (Round answers to 2 decimal places, e.g. 78.73%.) Gross profit in terms of cost Gross profit in terms of sales 1. 21% % 2. 26% % 3. 35.00% % 4. 53% %

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