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What is the reason that gross profit based on selling price will always be less than the related percentage based on cost? O Companies make
What is the reason that gross profit based on selling price will always be less than the related percentage based on cost? O Companies make more money by increasing the markup on selling price as compared to cost. Selling price is greater than cost and the gross profit amount is the same for both. O Selling price is more volatile than cost because of the greater-of-cost-or-market rule. O Retailers wish to obscure the true cost from customers
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