Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

How is gross profit 30% for this question? I've been getting 28% and different percentages for all the products. I previously asked how to calculate

How is gross profit 30% for this question? I've been getting 28% and different percentages for all the products. I previously asked how to calculate profitability on gross percentages. This is for the Company CoCo case study. The responder said that the gross percentage for each chocolate was 30% dark 20% milk and 25% white. I am not sure if they meant hypothetically or actually. What I mean is it OK that I have different gross percentages.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

978-1305108042

Students also viewed these Accounting questions