If the gross profit rate on cost is 30%, what is the equivalent rate based on sales? (whole number and indicate % without space)

Financial & Managerial Accounting
14th Edition
ISBN:9781337119207
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter20: Variable Costing For Management Analysis
Section: Chapter Questions
Problem 20.10EX
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If the gross profit rate on cost is 30%, what is the equivalent rate based on sales? (whole number and indicate % without space) 

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