What Is George's Gross Profit Rate If Net Sales Are

question 81

Multiple Choice

What is George's gross profit rate if net sales are $108,000, operating expenses are $26,000, and cost of goods sold is $66,000? (Round your answer two decimal places, X.XX%.)

• A) 38.89%
• B) 24.07%
• C) 37.04%
• D) 61.11%

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