Gross profit: Gross profit can be defined as the profit generated from deducting the cost of goods sold from the sales. Given Information: Each of the following gross profit percentages is expressed in terms of cost. 20% 33 1 3 % 25% 50% To indicate: To indicate the gross profit percentage in terms of sales for each of the above.

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Chapter 9, Problem 13E

To determine

Gross profit: Gross profit can be defined as the profit generated from deducting the cost of goods sold from the sales.

Given Information: Each of the following gross profit percentages is expressed in terms of cost.

20%

$33 \frac{1}{3} %$

25%

50%

To indicate: To indicate the gross profit percentage in terms of sales for each of the above.

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