39. Note the following figures: Net profit 2.5% Gross margin $7,000 Operating expenses $6,600 Find: a. The cost of goods in dollars. b. The percentage of operating expenses. ************************************************************************
39. Note the following figures: Net profit 2.5% Gross margin $7,000 Operating expenses $6,600 Find: a. The cost of goods in dollars. b. The percentage of operating expenses. ************************************************************************
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 15QFR
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