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Determine gross profit in terms of cost

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Reference no: EM132472005

Question 1: Each of the following gross profit percentages is expressed in terms of cost.

Point 1. 45.00%.

Point 2. 56.25%.

Point 3. 74.99%

Point 4. 112.50%.

Indicate the gross profit percentage in terms of sales for each of the above. (Round answers to 2 decimal places, e.g. 78.73%.)

Gross profit in terms of cost

Gross profit in terms of sales

1. 45.00%

2. 56.25%

3. 74.99%

4. 112.50%

Reference no: EM132472005

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