Calculate the gross margin ratio for each of the following separate cases A through C: ?ABCNet sales$145,000$623,500$37,800Cost of goods sold 83,600 269,200 13,230
What will be an ideal response?
A = ($145,000 - $83,600)/$145,000 = 42.3%
B = ($623,500 - $269,200)/$623,500 = 56.8%
C = ($37,800 - $13,230)/$37,800 = 65%
Business
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