Montreal Electronics has the following data available: $\begin{array}{lll}
& 2X13 & 2X12\
\text { Sales } & \$ 999 & \$ 800 \
\text { Cost of Goods Sold } & \$ 399 & \$ 336\
\text { Gross Profit }&\$ 600&\$ 464
\end{array}$
What is the gross profit rate for Montreal Electronics in 2X13? Has the gross profit rate improved or not improved since 2X12?
A)58.0%,improved
B)39.9%,not improved
C)58.0%,not improved
D)39.9%,improved
E)60.1%,improved

Question

Montreal Electronics has the following data available: $\begin{array}{lll}
& 2X13 & 2X12\
\text { Sales } & \$ 999 & \$ 800 \
\text { Cost of Goods Sold } & \$ 399 & \$ 336\
\text { Gross Profit }&\$ 600&\$ 464
\end{array}$ 
What is the gross profit rate for Montreal Electronics in 2X13? Has the gross profit rate improved or not improved since 2X12?
A)58.0%,improved
B)39.9%,not improved
C)58.0%,not improved
D)39.9%,improved
E)60.1%,improved

Quizplus · Accepted Answer

The Answer of Montreal Electronics has the following data available: $\begin{array}{lll}
& 2X13 & 2X12\
\text { Sales } & \$ 999 & \$ 800 \
\text { Cost of Goods Sold } & \$ 399 & \$ 336\
\text { Gross Profit }&\$ 600&\$ 464
\end{array}$ 
What is the gross profit rate for Montreal Electronics in 2X13? Has the gross profit rate improved or not improved since 2X12?
A)58.0%,improved
B)39.9%,not improved
C)58.0%,not improved
D)39.9%,improved
E)60.1%,improved

Montreal Electronics Has the Following Data Available What Is the Gross Profit Rate for Montreal Electronics in 2X12\\\text

Montreal Electronics Has the Following Data Available What Is the Gross Profit Rate for Montreal Electronics in 2X12\\
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