Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rubal Inc. earned revenue of 400,000 dollars and incurred cost of goods sold of 320,000 dollars.Calculate the gross profit percent. a)%75 b)%20 c)%60 d)%80

Rubal Inc. earned revenue of 400,000 dollars and incurred cost of goods sold of 320,000 dollars.Calculate the gross profit percent.

a)%75

b)%20

c)%60

d)%80

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Cloud Audit Toolkit For Financial Regulators

Authors: Asian Development Bank

1st Edition

9292692089, 978-9292692087

More Books

Students also viewed these Accounting questions

Question

Explain how plasmids can function as vectors.

Answered: 1 week ago