A Company Shows the Following Balances What Is the Gross Profit Rate?
A)61%
B)70%
C)30%
D)39

question 218

Multiple Choice

A company shows the following balances: $$\begin{array} { l r } \text { Sales Revenue } & \$ 800,000 \\\text { Sales Returns and Allowances } & 75,000 \\\text { Sales Discounts } & 25,000 \\\text { Cost of Goods Sold } & 490,000\end{array}$$ What is the gross profit rate?

• A)61%
• B)70%
• C)30%
• D)39%

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors.

Rational-Emotive Therapists

Therapists who apply the principles of rational-emotive therapy, which aims to resolve emotional and behavioral problems by confronting irrational beliefs.

Thoughts And Beliefs

Mental states or convictions held about oneself, others, or the world, whether true or false.

Classical Conditioning

Education that comes from associating an external environmental stimulus with a naturally present one.