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Gilbert Inc. generated sales revenues of $1,000,000 in the year 2015. Its cost of goods sold amounted to $400,000. Calculate Gilberts gross profit percentage. A.
Gilbert Inc. generated sales revenues of $1,000,000 in the year 2015. Its cost of goods sold amounted to $400,000. Calculate Gilberts gross profit percentage.
A. 250%
B. 40%
C. 167%
D. 60%
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Bank Management Text And Cases
Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson
3rd Edition
