Answered: 1.1 If the Cost of Sales for Company x…

1.1 If the Cost of Sales for Company x is 150000, the Gross Profit is250000 and the Sales is 400000 ; the Gross Profit Margin will be:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1.1 If the Cost of Sales for Company x is 150000, the Gross Profit is
250000 and the Sales is 400000 ; the Gross Profit Margin will be:

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