What is the formula of gross profit rate

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Problem 1: What is the formula of Gross Profit Rate?

a) (Installment Sales - Cost of Installment Sales)/Installment Sales

b) (Installment Sales + Cost of Installment Sales)/Installment Sales

c) (Installment Sales - Cost of Installment Sales)/Cost Installment Sales

d) (Installment Sales + Cost of Installment Sales)/Cost Installment Sales

Problem 2: Deferred Profit can be calculated by?

a) Gross Profit on Installment Sales - Realized Profit

b) Gross Profit on Installment Sales + Unrealized Profit

c) Gross Profit on Installment Sales * Realized Profit

d) Gross Profit on Installment Sales / Realized Profit

Reference no: EM132731145

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