Reference no: EM132472028

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

1.31.00%.

2.38.75%.

3.51.66%.

4.77.50%.

• 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) 31%

2) 38.75%

3) 51.66%

4) 77.50%

Question 1: How to calculate gross profit in terms of cost to gross profit in terms of sales????