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    Question

    Calculate Gross profit ratio:

    Direction (11-14)- Read the following information to answer the questions below:┬а
    A 40% Correct Answer Incorrect Answer
    B 30% Correct Answer Incorrect Answer
    C 45% Correct Answer Incorrect Answer
    D 16% Correct Answer Incorrect Answer
    E 25% Correct Answer Incorrect Answer

    Solution

    Gross Profit Ratio = 800000/20,00,000 x 100 = 40%

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