Answered: Digital World buys laptops for $750 and…

Digital World buys laptops for $750 and sells them for $1,200. Calculate the gross profit margin on these laptops. a) 37.5% b) 62.5% c) $450 d) 60%

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

Chapter17: Advanced Issues In Revenue Recognition

Section: Chapter Questions

Problem 15RE: GameDay sells recreational vehicles along with secure parking storage to customers. Game Day sells...

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Quick answer of this accounting

Digital World buys laptops for $750 and sells them for
$1,200. Calculate the gross profit margin on these laptops.
a) 37.5%
b) 62.5%
c) $450
d) 60%

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