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​Mercer, Inc. provides the following data for​ 2019: Net Sales Revenue 59 ,000 Cost of Goods Sold 390,000 The gross profit as a percentage of net sales is​ ________. (Round your answer to two decimal​ places.)

Respuesta :

TomShelby

Answer:

15.13%

Explanation:

[tex] \frac{gross \: profit}{sales \: revenue} [/tex]

59,000/390,000 = 0.151282

this value is a ratio

we will multiply by 100 to convert to a percent

0.151282 x 100 = 15.1282%

then rounding up to two decimals

15.13%

this means for every dollar of sale the company achieves 15.13 cent of gross profit

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