Question: 9. The gross profit method is used in inventory estimation. This method is highly dependent on the gross profit rate, which can be based on

9. The gross profit method is used in inventory estimation. This method is highly dependent on the gross profit rate, which can be based on sales or costs. If the Gross Profit Rate based on sales is 20%, the Cost Ratio is 80%. However, if the Gross Profit Rate based on cost is 25%, Ratio is? A) 125% 30. B) 100% D) 12096

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