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Calculate the gross profit percentages

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Gross Profit Ratio Calculations

Calculate the gross profit percentages for each of the following situations and, based on these results, identify which situations are most preferable:

a. Sales of $500,000, cost of goods sold of $300,000
b. Sales of $600,000, gross profit of $300,000
c. Sales of $600,000, cost of goods sold of $250,000
d. Sales of $500,000, cost of goods sold of $100,000

 

Reference no: EM13506627

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