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Gilbert Ltd Generated Sales Revenues of $1,400,000 in the Year

Question 23

Multiple Choice

Gilbert Ltd generated sales revenues of $1,400,000 in the year 2017.Its cost of sales amounted to $ 560,000 . Calculate Gilbert's gross profit percentage.(Round your answer to the nearest whole percentage. )


A) 250%
B) 167%
C) 60%
D) 40%

Correct Answer:

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