Multiple Choice
If total merchandise available for sale is 68 percent of net sales and cost of goods sold is 56 percent of net sales, gross profit on sales is:
A) 32 percent of net sales.
B) 68 percent of net sales.
C) 44 percent of net sales.
D) 56 percent of net sales.
Correct Answer:
Verified
Correct Answer:
Verified
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