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    Exam 6: Retail Inventory
  5. Question
    James Company Earned Revenue of $700,000 and Incurred Cost of Sales
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James Company Earned Revenue of $700,000 and Incurred Cost of Sales

Question 42

Question 42

Multiple Choice

James Company earned revenue of $700,000 and incurred cost of sales of $110,000.How much is the gross profit percentage?


A) 15.7%
B) 84.3%
C) 100%
D) 42.15%

Correct Answer:

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