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Electronics Store has revenue of $500M and COGS of $350M. Calculate gross profit and gross profit percentage.

Electronics Store has revenue of $500M and COGS of $350M. Calculate gross profit and gross profit percentage.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...
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Electronics Store has revenue of $500M and COGS of $350M. Calculate gross profit and gross profit percentage.
Transcribed Image Text:Electronics Store has revenue of $500M and COGS of $350M. Calculate gross profit and gross profit percentage.
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