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Compute the Gross Profit Rate When Sales Are $600,000; Net

Question 122

Multiple Choice

Compute the gross profit rate when sales are $600,000; net sales are $460,000 and gross profits are $120,000. (Round your answer to the nearest whole percent.)


A) 26%
B) 20%
C) 0.26 to 1
D) 0.20 to 1

Correct Answer:

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