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Please help! Each of the following gross profit percentages is expressed in terms of cost. 1. 40%. 2. 50% 3. 66.67%. 4. 100%. Indicate the
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Each of the following gross profit percentages is expressed in terms of cost. 1. 40%. 2. 50% 3. 66.67%. 4. 100%. 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 Gross profit in terms of cost terms of sales 1. 40% % 2. 50% % 3. 66.67% % 4. 100% %Step by Step Solution
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