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Gross profit represents the merchandising

Gross profit represents the merchandising 


1. If net sales are $800,000 and cost of goods sold is $600,000, the gross profit rate is 25%.
2. Gross profit represents the merchandising profit of a company.
3. Gross profit is a measure of the overall profitability of a company.
4. Gross profit rate is computed by dividing cost of goods sold by net sales.
5. Purchase Returns and Allowances and Purchase Discounts are subtracted from Purchases to produce net purchases.




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01 Apr 2016

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  1. Genius

    Gross profit represents the merchandising

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