Suppose Bonzai Boards, Inc., had sales of ($210,000) and sales returns of ($18,000.) Cost of goods sold

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Suppose Bonzai Boards, Inc., had sales of \($210,000\) and sales returns of \($18,000.\) Cost of goods sold was \($125,000.\) What was Bonzai Boards’ gross profit percentage (rounded) for this period?

a. 35%

b. 54%

C. 40%

d. 32%

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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