Question: I need help with this general accounting problem using proper accounting guidelines. Oakwood Furniture Co. made net sales revenue of $150,000 and the cost of

I need help with this general accounting problem using proper accounting guidelines.

Oakwood Furniture Co. made net sales revenue of $150,000 and the cost of goods sold totalled $90,000. What is the gross profit percentage for this period? a. 40% b. 50% c. 60% d. 33%

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