Calculate net sales, gross profit, and gross profit ratio for each of the following situations. Round the gross profit ratio figure to the nearest whole percent.
a. Which situation has the highest net sales?
b. Which situation has the highest gross profit ratio?

Question

Calculate net sales, gross profit, and gross profit ratio for each of the following situations. Round the gross profit ratio figure to the nearest whole percent.
  a. Which situation has the highest net sales?
b. Which situation has the highest gross profit ratio?

Quizplus · Accepted Answer

The Answer of Calculate net sales, gross profit, and gross profit ratio for each of the following situations. Round the gross profit ratio figure to the nearest whole percent.
  a. Which situation has the highest net sales?
b. Which situation has the highest gross profit ratio?

Calculate Net Sales, Gross Profit, and Gross Profit Ratio for Each