Exercise 9-13

Each of the following gross profit percentages is expressed in terms of cost.

1.		20%.
2.		25%.
3.		33.33%.
4.		50%.

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.		20%				%
2.		25%				%
3.		33.33%				%
4.		50%				%

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