Montreal Electronics Has the Following Data Available What Is the Gross Profit Rate for Montreal Electronics in 2X12\\
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question 110

Multiple Choice

Montreal Electronics has the following data available: $\begin{array}{lll}& 2X13 & 2X12\\\text { Sales } & \$ 999 & \$ 800 \\\text { Cost of Goods Sold } & \$ 399 & \$ 336\\\text { Gross Profit }&\$ 600&\$ 464\end{array}$
What is the gross profit rate for Montreal Electronics in 2X13? Has the gross profit rate improved or not improved since 2X12?

• A)58.0%,improved
• B)39.9%,not improved
• C)58.0%,not improved
• D)39.9%,improved
• E)60.1%,improved

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Definitions:

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Sets of two chromosomes, one from each parent, present in most non-sex cells of an organism, totaling 46 in humans.

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Basic structural, functional, and biological units of the human body, comprising various types to perform different functions.

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The synthesis of cholesterol is a biochemical process that takes place primarily in the liver, where various enzymes catalyze the production of cholesterol, a vital lipid for cellular function and hormone production.