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Each of the following gross profit percentages is expressed in terms of cost. 1. 22% 2. 28%. 3. 36.67%. 4. 55%. Indicate the gross profit

Each of the following gross profit percentages is expressed in terms of cost. 1. 22% 2. 28%. 3. 36.67%. 4. 55%. Indicate the gross profit percentage in terms of sales for each of the above. (Round answers to 2

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