Brimmel Corp. has provided the following information: Sales were $780,000; Cost of goods sold was $429,000; Net

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Brimmel Corp. has provided the following information:

Sales were $780,000;

Cost of goods sold was $429,000;

Net income was $195,000.

What was Brimmel’s gross profit percentage?

A. 55%

B. 45%

C. 62%

D. 222%

Related Book For answer-question

Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Posted Date: Nov 01, 2019 08:51 AM

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Brimmel Corp. has provided the following information: Sales were $780,000; Cost of goods sold was $429,000; Net

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Sales 780000 Cost of goods ... View the full answer

Financial Accounting: A Business Process Approach

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