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Ze.Haxabja

Business Finance

Description

Financial information is presented below:

Operating expenses$ 23000
Sales returns and allowances5000
Sales discounts3000
Sales revenue148000
Cost of goods sold102000

The gross profit rate would be



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Explanation & Answer

solution (D) 0.31.Explanation:148000-102000 =46,000 so, 46,000/148000= 31...


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