If total merchandise available for sale is 80 percent of net sales and ending inventory is 26 percent of net sales, gross profit on sales is:
A)20 percent of net sales.
B)74 percent of net sales.
C)26 percent of net sales.
D)46 percent of net sales.

Question

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The Answer of If total merchandise available for sale is 80 percent of net sales and ending inventory is 26 percent of net sales, gross profit on sales is:
A)20 percent of net sales.
B)74 percent of net sales.
C)26 percent of net sales.
D)46 percent of net sales.

If Total Merchandise Available for Sale Is 80 Percent of Net