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Kingsbury Manufacturing Has Net Sales Revenue of $624,000,cost of Goods

Question 18

Multiple Choice

Kingsbury Manufacturing has net sales revenue of $624,000,cost of goods sold of $274,560,and all other expenses of $262,080.The gross profit percentage is closest to:


A) 32%.
B) 56%.
C) 86%.
D) 14%.

Correct Answer:

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