Compute the Gross Profit Rate When Sales Are $400,000; Net

question 55

Multiple Choice

Compute the gross profit rate when sales are $400,000; net sales are $380,000 and gross profits are $125,000.

• A)31.25%
• B)32.89%
• C)0.3125 to 1
• D)0.3289 to 1

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Definitions:

Big Mac

A double-layer hamburger produced by McDonald's that has become a globally recognized fast-food item.

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