Each of the following gross profit percentages is expressed in terms of cost. 1. 38.00%....
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Accounting
Each of the following gross profit percentages is expressed in terms of cost. 1. 38.00%. 2. 47.50%. 3. 63.33%. 4. 95.00%. Indicate the gross profit percentage in terms of sales for each of the above. (Round answers to 2 decimal places, e.g. 78.73%.) Gross profit in terms of cost Gross profit in terms of sales 1. 38.00% % 2. 47.50% % 3. 63.33% % 4. 95.00% %
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