Question
The accessories department at Store ABC had net profit of $52,000 which represented 5% of net sales. The department had operating expenses of $551,200. What
The accessories department at Store ABC had net profit of $52,000 which represented 5% of net sales. The department had operating expenses of $551,200. What is the department's gross margin, in dollars and in percentage? (Hint: use the profit/loss statement)
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Sound Investing, Chapter 8 - Revenue Hoaxes
Authors: Kate Mooney
3rd Edition
007171930X, 9780071719308
