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Gilbert inc. generated sales revenues of $1,000,000 in the year 2015. its cost of goods sold amounted to $400,000. calculate gilbert's gross profit percentage.
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Gilbert inc. generated sales revenues of $1,000,000 in the year 2015. its cost of goods sold amounted to $400,000. calculate gilbert's gross profit percentage.

User ArtFeel
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1 Answer

3 votes


400000 / 1000000 = .4 * 100 = 40

100 - 40 = 60
60%
User Seon
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