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QUESTION 20 Mark sells goods at a gross profit margin of 30%. Which...

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Accounting

QUESTION 20
Mark sells goods at a gross profit margin of 30%. Which of the following statements is true?
A. Goods sold for 800 will have cost Mark 320.
B. Goods sold for 800 will have cost Mark 392.
C. Goods sold for 800 will have cost Mark 240.
D. Goods sold for 800 will have cost Mark 560.
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