Peartree Inc. provides the following extracts from incomestatement for the year 2015Net sales $500,000Cost of Goods Sold (150,000)Gross profit $350,000Calculate the gross profit percentage.

Reference:Njeri, R. (2022, August 26). How to calculate gross profit percentage. How to Calculate.…

Answered: Peartree Inc. provides the following…

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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Peartree Inc. provides the following extracts from income statement for the year 2015 Net sales $500,000 Cost of Goods Sold (150,000) Gross profit $350,000 Calculate the gross profit percentage.