Pizza Pete earned net sales revenue of $66,000,000 in 2024. Cost of goods sold was $40,260,000, and net income reached $9,000,000, the company's highest ever. Compute the company's gross profit percentage for 2024. First, select the formula. Then enter the applicable amounts and calculate the gross profit percentage. Gross profit %

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Pizza Pete earned net sales revenue of $66,000,000 in 2024. Cost of goods sold was $40,260,000, and net income reached $9,000,000, the company's highest ever. Compute the company's gross profit percentage for 2024.
First, select the formula. Then enter the applicable amounts and calculate the gross profit percentage.
Gross profit %
Transcribed Image Text:Pizza Pete earned net sales revenue of $66,000,000 in 2024. Cost of goods sold was $40,260,000, and net income reached $9,000,000, the company's highest ever. Compute the company's gross profit percentage for 2024. First, select the formula. Then enter the applicable amounts and calculate the gross profit percentage. Gross profit %
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