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If a company has sales of $2,400, COGS of $1,560, and operating expenses of $240, what would be their gross profit percentage? a. 35% b. 25% c. 45% d. 30%

If a company has sales of $2,400, COGS of $1,560, and operating expenses of $240, what would be their gross profit percentage? a. 35% b. 25% c. 45% d. 30%

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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If a company has sales of $2,400, COGS of $1,560, and operating expenses of $240, what would be their gross profit percentage? a. 35% b. 25% c. 45% d. 30%
Transcribed Image Text:If a company has sales of $2,400, COGS of $1,560, and operating expenses of $240, what would be their gross profit percentage? a. 35% b. 25% c. 45% d. 30%
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