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What is the gross profit percentage from pint sales to mint

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Question - Pint Corporation acquired 60 percent of Mint Corporation's voting stock. During 20X1, Pint produced 25,000 printer at a cost of $82 each and sold 10,000 of them to Mint for $94 each. Mint sold 7,000 of the printers to unaffiliated companies for $130 each prior to December 31, 20X1 and sold the remainder in early 20X2 for $140 each. Both companies use perpetual inventory systems. What is the gross profit percentage from Pint's sales to Mint?

Reference no: EM133065952

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