Gross Profit: The sales revenue remaining after the deduction of cost of goods sold is called gross profit. The percentage of gross profit is computed by dividing the gross profit by the net sales revenue of the business. To determine : Compute the Gross Profit percentage of Cupcake Queen for the year 2016

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Chapter 5, Problem E5.25E

To determine

Gross Profit:

The sales revenue remaining after the deduction of cost of goods sold is called gross profit. The percentage of gross profit is computed by dividing the gross profit by the net sales revenue of the business.

To determine:

Compute the Gross Profit percentage of Cupcake Queen for the year 2016

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