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Gross profit represents the merchandising

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Gross profit represents the merchandising 1. If net sales are $800,000 and cost of goods sold is $600,000, the gross profit rate is 25%. 2. Gross profit represents the merchandising profit of a company. 3. Gross profit is a measure of the overall profitability of a company. 4. Gross profit rate is computed by dividing cost of goods sold by net sales. 5. Purchase Returns and Allowances and Purchase Discounts are subtracted from Purchases to produce net purchases. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Gross profit represents the merchandising

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