Gross profit margin is calculated as follows: a. Net Sales Cost of Goods Sold/Net Sales b.

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Gross profit margin is calculated as follows:

a. Net Sales – Cost of Goods Sold/Net Sales

b. Selling Price – Cost/Cost

c. Cost of Goods Sold/Net Sales

d. Profit/Revenue

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 11, 2019 12:25 PM

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Gross profit margin is calculated as follows: a. Net Sales Cost of Goods Sold/Net Sales b.

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Fundamental Accounting Principles Volume I

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