If Indiana Ink, Inc.has net sales of $400,000 and cost of goods sold of $320,000, Indiana Ink's gross profit rate is
A)80%.
B)25%
C)20%.
D)100%.

Name: If Indiana Ink, Inc.has net sales of $400,000 and cost of goods sold of $320,000, Indiana Ink's gross profit rate is A)80%. B)25% C)20%. D)100%.
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The Answer of If Indiana Ink, Inc.has net sales of $400,000 and cost of goods sold of $320,000, Indiana Ink's gross profit rate is
A)80%.
B)25%
C)20%.
D)100%.