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A consumer products company reported a 25 percent increase in sales from last year to...

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Accounting

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A consumer products company reported a 25 percent increase in sales from last year to this year. Sales last year were $120,000. This year, the company reported Cost of Goods Sold in the amount of $91,200. What was the gross profit percentage this year? Answer is not complete. Numerator Denominator Gross Profit Percentage Gross Profit Sales

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