A company shows the following balances: $\begin{array}{lr}
\text { Sales Revenue } & \$ 1,000,000 \
\text { Sales Returns and Allowances } & 175,000 \
\text { Sales Discounts } & 25,000 \
\text { Cost of Goods Sold } & 600,000
\end{array}$ What is the gross profit rate?
A)60%
B)75%
C)40%
D)25%

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The Answer of A company shows the following balances: $\begin{array}{lr}
\text { Sales Revenue } & \$ 1,000,000 \
\text { Sales Returns and Allowances } & 175,000 \
\text { Sales Discounts } & 25,000 \
\text { Cost of Goods Sold } & 600,000
\end{array}$ What is the gross profit rate?
A)60%
B)75%
C)40%
D)25%

A Company Shows the Following Balances What Is the Gross Profit Rate? A)60% B)75% C)40% D)25

A Company Shows the Following Balances What Is the Gross Profit Rate?
A)60%
B)75%
C)40%
D)25