Assume Mountain Peak Coffee Roasters made Net Sales Revenue of $150,000 and Cost of Goods Sold totaled $105,000. What was Mountain Peak Coffee Roasters gross profit percentage for this period? Round your answer to the nearest whole percent. a. 30% b. 25% c. 42% d. 70%

Assume Mountain Peak Coffee Roasters made Net Sales Revenue of $150,000 and Cost of Goods Sold totaled $105,000. What was Mountain Peak Coffee Roasters gross profit percentage for this period? Round your answer to the nearest whole percent. a. 30% b. 25% c. 42% d. 70%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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General Accounting provide correct solution

Assume Mountain Peak Coffee Roasters made Net Sales
Revenue of $150,000 and Cost of Goods Sold totaled
$105,000. What was Mountain Peak Coffee Roasters gross
profit percentage for this period? Round your answer to
the nearest whole percent.
a. 30%
b. 25%
c. 42%
d. 70%

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