Question: Why is it 25% but when I divide the cost of goods sold to net sales its 75%? Gresham Foods Inc reported net sales of

Why is it 25% but when I divide the cost of goods sold to net sales its 75%?
Why is it 25% but when I divide the cost of goods

Gresham Foods Inc reported net sales of $300,000 and cost of goods sold of $225,000. What is its gross profit percentage? 25%75%133%4008

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