rimmel Corp. has provided the following information: Sales were $780,000; Cost of goods sold was $429,000; Net
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Question:
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
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date: