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Carpenter Company Generated Sales Revenues of $1,000,000 in 2019 $600,000\$ 600,000

Question 184

Multiple Choice

Carpenter Company generated sales revenues of $1,000,000 in 2019.Its cost of goods sold amounted to $600,000\$ 600,000 Calculate Carpenter's gross profit percentage.


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

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