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Each of the following gross profit percentages is expressed in terms of cost. 1. 45%. 2. 56% 3. 75.00% 4. 113%. Indicate the gross

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Each of the following gross profit percentages is expressed in terms of cost. 1. 45%. 2. 56% 3. 75.00% 4. 113%. Indicate the gross profit percentage in terms of sales for each of the above. (Round answers to 2 decimal places, eg. 78.73%) 1. Gross profit in Gross profit in terms of cost terms of sales 45% % 2. 56% 3. 75.00% 4. 113% % %

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