Gilbert, Inc. generated sales revenues of $1,800,000 in 2017. Its cost of goods sold amounted to $990,000.

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Gilbert, Inc. generated sales revenues of $1,800,000 in 2017. Its cost of goods sold amounted to $990,000. Calculate Gilbert's gross profit percentage.

a. 55%

b. 182%

c. 222%

d. 45%

Related Book For answer-question

Calculus

ISBN: 978-0131429246

9th edition

Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon

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Posted Date: Feb 09, 2022 06:09 AM

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Gilbert, Inc. generated sales revenues of $1,800,000 in 2017. Its cost of goods sold amounted to $990,000.

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Total revenue was reported 1800000 COGS was 990000 G... View the full answer

Calculus

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