Question: What is the consequence of using the same dollar amount of gross profit when computing the gross profit percentage based on selling price or based

What is the consequence of using the same dollar amount of gross profit when computing the gross profit percentage based on selling price or based on cost

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Select answer from the options below

The gross profit percentage based on selling price will always be unrelated to the percentage based on cost

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The gross profit percentage based on selling price will always be less than the related percentage based on cost

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The gross profit percentage based on selling price will always be the same as the related percentage based on cost

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The gross profit percentage based on selling price will always be more than the related percentage based on cost

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