Answered: If the gross profit rate on cost is…

If the gross profit rate on cost is 30%, what is the equivalent rate based on sales? (whole number and indicate % without space)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter23: Other Topics In Working Capital Management

Section: Chapter Questions

Problem 6MC

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