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What is Driver gross profit percentage

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Problem - Driver Company had a $28,000 beginning inventory and a $32,000 ending inventory. Net sales were $153,000; purchases, $83,000; purchase returns and allowances, $4,000; and freight in, $6,000. Cost of goods sold for the period is $81,000.

Required - What is Driver's gross profit percentage (rounded to the nearest percentage)?

Reference no: EM132456500

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